US EditionPassion and Debts: the Mixed Legacy of the 2006 Turin Games
Turin’s 2006 Winter Olympics boosted tourism and infrastructure but left a net economic loss of €1.3 billion and ongoing debt of €3.3 billion, experts say.
- Twenty years ago, Turin hosted the Winter Olympics and remade the city from industrial to cultural hub, though the Games left large debts and unused infrastructure shaping its finances.
- City leaders pushed the Olympics to remake Turin and reduce reliance on Fiat, backed by Giovanni Agnelli, while public and private bodies including the Olympic committee mobilized widely, Marco Boglione said.
- Debt data show continuing fiscal pressure as Francesco Ramella, transport policy expert at the University of Turin, reports municipal debt fell to 3.3 billion euros and debt-servicing costs nearly 240 million euros, nearly a fifth of cash expenditure.
- Some former sites are being eyed for new uses while others sit unused, with the Cesana Torinese bobsleigh track and Pragelato ski jumps abandoned and parts of an Olympic Village cleared into housing, Gilberto said.
- Turin's 2006 Olympics left long-term debt despite a projected 5.3-billion-euro windfall, as Banca Ifis study cited, with a 5.2-billion-euro budget including 3.5 billion public and 1.7 billion private funds.
19 Articles
19 Articles
Pine Journal
Passion and debts: the mixed legacy of the 2006 Turin Games
TURIN, Italy — When Turin hosted the Winter Olympics 20 years ago, it transformed the city's image from grey industrial home of the troubled Fiat car-making empire to smart Mecca for food, culture and sport. But the event — remembered in the north-western Italian metropolis for its "Passion lives here" slogan — left a legacy of large debts and unused infrastructure that offers a cautionary tale for Milano Cortina 2026. "The 2006 Games were very …
It was 2006 and the alpinist brought the torch to Udine at the XX Winter Olympics in Turin
The Star Kuala Lumpur
InternazionaleOlympics-Passion and debts: the mixed legacy of the 2006 Turin Games
TURIN, Italy, Jan 19 (Reuters) - When Turin hosted the Winter Olympics 20 years ago, it transformed the city's image from grey industrial home of the troubled Fiat car-making empire to smart Mecca for food, culture and sport.
Coverage Details
Bias Distribution
- 71% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
