Turin Games organizers approve budget
(China Daily)
Updated: 2006-01-19 07:06

Such praise would be welcome relief for TOROC, which has also managed to secure a final approved budget for the Games after months of delays.

"Starting from this evening we can concentrate heart and soul on preparing for this great event," TOROC president Valentino Castellani said after the budget was passed on Monday.

Costs are expected to be 1.223 million euros, while income is set at 1.182 million. The City of Turin has pledged to cover the deficit of 41 million euros, TOROC said.

There will also be five issues of a scratch card lottery expected to raise 20 million euros.

"Once again local authorities have demonstrated their great commitment," said Castellani, a former mayor of Turin.

"My special thanks go to the City of Turin and the Piedmont Region for the financial guarantees they have underwritten."

In a further financial boost, TOROC chief executive officer Cesare Vaciago said tickets worth 52 million euros, representing 81 percent of the estimated revenues from ticket sales in the budget, had already been sold.

"In the approved budget we estimated banking 64 million euros in ticket sales," he said.

"A prudent estimate which we are sure we shall exceed."

On event that is sure to be a sell-out is the men's slalom, given the current unbeatable form of home star Giorgio Rocca.

Rocca has won the first five World Cup slaloms of the season, equalling the record jointly held by Swedish legend Ingemar Stenmark and Liechtenstein's Marco Girardelli.

With two more World Cup slaloms prior to the Olympics, at Kitzbuhel on January 22 and Schladming on January 24, the Italian public will be hoping Rocca stays fit and emulates compatriot Alberto Tomba, who won Olympic titles in giant slalom and slalom in Calgary in 1988 and took gold again in the giant slalom at Val d'Isere four years later.