The main cause of the deficit is delays in several infrastructure projects, including the ice hockey arena in Milan, major media reported. The shortfall is expected to be covered by the state, regions, autonomous provinces, and host municipalities. The Veneto region hopes the International Olympic Committee will cover about one-third of the deficit, according to reports.
Official figures will be finalized in spring 2027, and the final deficit may be adjusted until the accounts are approved. The total cost for organization and infrastructure is estimated at between 5.4 and 5.9 billion euros. A source told wire services: "If the organizing committee for Milano/Cortina had not advanced the money, the competitions could not have been held."
If the organizing committee for Milano/Cortina had not advanced the money, the competitions could not have been held.