Ahead of a visit from the International Olympic Committee’s Evaluation Commission this week, the Milan-Cortina d’Ampezzo bid to host the 2026 Winter Olympics received a significant boost in the form of a financial guarantee from the Italian government.
The guarantee, which is required by the IOC, means the government will commit up to €415m ($466m) to the project – on visa support, guaranteeing human rights, health and safety, and security costs – which will be offset by expected state revenues of €600m. Italian sports minister Giancarlo Giorgetti made the announcement at a press conference in Venice on Monday.
Milan-Cortina 2026’s only rival Stockholm-Are is, meanwhile, struggling to gain the backing of the Swedish government.
The IOC’s five-day inspection tour – from today (Tuesday) until Saturday – will include presentations of venues and meetings with the candidature team and local stakeholders.
Reports on both bids are expected by the end of May with a final vote scheduled to take place at the IOC Session in Lausanne on June 24.