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Annecy 2018: Games worth the cost?

Until February 12, Glacenews advantage of the inspection visit of the IOC members devoted to sites in Haute-Savoie to address Annecy's bid from a different angle each day. now back on the cost of previous Games in French.

Since Tuesday and until 12 February, 11 members of the Evaluation Commission of the International Olympic Committee inspect the sites proposed by the application Haute-Savoie. A milestone in the race to get the Games.

France has previously hosted the Winter Olympics last 50 years with Grenoble in 1968 and Albertville in 1992. What conclusions can we learn from these two applications in sport, especially economic and financial?

Sports Review:

• Grenoble

a great success for France, which comes third in the medals table. Retransmission Games for the 1st time colors, is also a complete success.

• Albertville

the record is not as positive as what organizers had expected. France is 7th in the medal table and faces, it is true, a new tough competitor, namely Germany who has reunited for the 1st time at an Olympics.

Balance Sheet:

• Grenoble

stock is very heavy for the region and for the city. Grenoble has to bear nearly 20% of 1.12 billion francs that cost the Games. The town will repay the debt over 25 years at a rate 5%.

• Albertville

excessive investment and insufficient revenue plunged everyone into the red. The deficit is officially estimated at 280 million francs, or 6.6% of 4.2 billion francs, which cost the Games. Albertville debt amounts to 31 million francs. The town of Brides-les-Bains is also bankrupt financially.

Economic Review:

Thanks Grenoble Games, Grenoble took 20 years to advance development through the construction of new roads, airport, equipment hospital, cultural and sporting events.

Albertville organizers have surfed the wave of territorial investment that made the success of Grenoble and focused on financing infrastructure consistent for Savoy: excellent road, train station Satolas ...

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