The 2026 Milan-Cortina Winter Olympics will have “an operating budget of about” $1.9B, a $112M increase from the previously stated amount. The budget “does not include construction of competition venues” like the $131M sliding center in Cortina d’Ampezzo and the new Santa Giulia ice hockey arena in Milan, which could cost nearly $330M, “nor big infrastructure projects involving roads and railways.” The IOC “will also contribute about” $1B in additional funding for the Games, while the Italian government is funding more than $1B “in infrastructure development to improve access to venues.” Unlike recent Winter Games in Sochi (2014), Pyeongchang (2018) and Beijing (2022), “most of the 2026 venues are in place and have been used for years for World Cups and world championships.” The operating budget for the 2022 Beijing Games “was estimated at about” $4B (AP, 4/10).
Milan-Cortina 2026 unveils $1.9B budget for Games
