|
 The IOC said the new building, on the site of their current HQ on
the shores of Lake Geneva, would cost a total of 160 million Swiss
francs ($164.34 million) and would provide more space for the
growing organization and its 450 staff.
The IOC, which has added staff in the past year and expects more
personnel to join with the creation of an Olympic TV channel, said
it would take out a 20-year loan for the construction, expected to
be completed in six years, despite having its own reserves of about
half a billion dollars.
 The IOC Session, on its final day in Monaco, also chose Peruvian
capital Lima as the hosts of their 2017 session that will elect the
host city for the 2024 summer Olympics.
[to top of second column] |
Germany will bid for those Games with either Berlin or Hamburg while
a U.S. city is also expected to join the race. Bids are also likely
from Rome, Paris, Budapest, Doha, Istanbul and an African city as
well.
(Editing bu Ossian Shine)
[© 2014 Thomson Reuters. All rights
reserved.]
Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed. |
