How could it possibly cost that much? Last year, we learned that the budget for the Bislett Games was $1.9 million after Exxon dropped and $2.4 million before. Why would the World Relays cost 10 times as much?
Was there a big stadium upgrade or something? But that doesn't make sense as it supposedly cost $15 million in 2014 and $21 million in 2016 (1 BSD = 1 USD).
The Jamacia Gleaner wrote:
The Bahamas is believed to be giving up hosting privilege because of what is considered the high cost of running the event. It is reported that The Bahamas spent BSD$15 million (J$1.9 billion) to host in 2014. It then spent an estimated BSD$21 million (J$2.7 billion) last year.
If you read the article and the list of requirements I can see how it can add up if you have to build all the facilities listed. I am guessing that almost all the building materials have to be imported.
I am amused at the security requirement for IAAF officials. Really?
Did they have to build an athlete village? Did they have to build a warm up track?
Key IAAF requirements for nations seeking to host the World Relays:
- Minimum 10,000-seat stadium with Class 1 IAAF Athletics Facility Certificate and eight-lane track.
- All technical and functional areas, including call room(s), mixed zone, post event area, photo-finish control room, video recording room, results management room, doping control station, technical information centre, rest area for combined events athletes, and seats for coaches and teams.
- Warm-up facility with a 400m track - minimum six lanes.
- One training venue (could also be the warm-up).
- Installation of event venue decoration, at least two state-of-the-art video screens and quality sound system at the main stadium.
- Ensuring the main stadium is equipped with reliable and modern communication network, infrastructure and services.
- Ensuring the venue is provided commercially clean.
- Securing rooms for athletes, officials, IAAF Family and media.
- Athletes and team officials: 1400 beds (300 single & 550 twin/double rooms).
- IAAF Family: 250 beds (150 single & 50 twin/double room).
- Media: 25 beds.
BROADCAST & MEDIA:
- Payment for the host broadcaster (to be appointed by the IAAF) to broadcast the entire event capped at US$350,000 (Ja$45 million).
- Provision of all broadcast and media facilities, equipment and services, including media and press centres, telecommunication and other communication facilities, accommodation and transportation, press conference facilities (including simultaneous translation) and accreditation services.
- Development and implementation of a security plan including security personnel to protect and safeguard the event site and security and protection for members of the IAAF Family.