Leadership vacancy, financial crisis among 'challenges' facing 2026 Italy Olympics

Costly construction delays, a leadership vacancy linked to a volatile political climate and a lack of sponsors amid a spreading financial crisis has prompted International Olympic Committee president Thomas Bach to acknowledge the "challenges" facing organizers of the 2026 Winter Games in Milan and Cortina d'Ampezzo.

With the IOC's coordination commission visit to the Milan and Cortina venues postponed by three months to December because of national elections in Italy slated for later this month, it was left to Bach to handle matters during a visit with outgoing premier Mario Draghi before receiving an award from the Italian Olympic Committee.

"As always before Olympic Games, there are challenges — in particular light of this new emerging world order and the financial and economic crisis," Bach said Friday.

In an era of increasing sensitivity about the cost of Olympics — and the typical overspends funded by taxpayers — Bach said one of the most expensive venue upgrades for 2026 would not be included in official Milano-Cortina budgets.

Italian authorities have set aside more than 80 million euros ($80 million US) to renovate the historic sliding track in Cortina for bobsleigh, luge and skeleton races.

Bach explained "this would be a touristic and sport project which would go ahead anyway and regardless of the Olympic Winter Games."

Bach also supported local authorities who are waiting until after the election to appoint a new CEO of the organizing committee after the departure of Vincenzo Novari — a move which has paralyzed construction and other plans, such as the recruitment of sponsors.

"The new CEO must have and should have the support of the new government," Bach said. "It would not be advisable to appoint such a CEO