Youth Olympic Games - Financing

Financing

The original estimated costs for running the Games were US$30 million for the Summer and $15 million to $20 million for Winter Games, these costs do not include infrastructure improvements for venue construction. The IOC has stipulated that costs for infrastructure and venues is to be paid by the host city. The IOC will pay travel costs to the host city and room and board for the athletes and judges, estimated at $11 million. The funding will come from IOC funds and not revenues. The budgets for the final two bids for the inaugural Summer Games came in at $90 million, much higher than the estimated costs. The cost of the first games in Singapore escalated to an estimated S$387 million ($284 million). Sponsors have been slow to sign on for the YOG, due to the fact that it is a new initiative and corporations are not sure what level of exposure they will get. The budget for the inaugural Winter Games to be held in Innsbruck has been estimated at $22.5 million, which does not include infrastructure improvements and venue construction.