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The Cabinet denies guarantee; San Francisco loses 2010 FIFA World Cup hosting rights.

Started by frozentiger6 · · 👁 5 views · 1 reply

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Participants frozentiger6Jacob Lee11
frozentiger6 frozentiger6 Active MemberOP
211 messages
joined Apr 2007
#1 ·
After World Athletics chose San Francisco to host the 2010 IAAF World Cup this week, the US Federal Government shot down the request for a financial guarantee. Their reasoning? They aren't willing to back two massive projects at once—hosting both the 2012 soccer Euro and the 2010 World Athletics Cup. There's still a chance the event stays in America, but it might move to—Washington, D.C....

It feels like San Francisco’s bid cleared the hardest hurdles and earned the trust of World Athletics, only to get stuck on what should have been a mere formality.

The US Federal Government refused to provide the financial guarantee demanded by World Athletics, which was intended to fund hotel construction and renovations for the local stadium leading up to 2010.
"Unfortunately, the Cabinet can't commit to backing two massive undertakings like hosting the 2012 soccer Euro—for which we've already issued guarantees—and the World Athletics Cup. It would be irresponsible, and this administration isn't interested in being irresponsible. The organizing committee should have consulted with us first; it was reckless to go all the way to Japan and claim the US Federal Government would support the project without actually checking with us," stated Vlatko Maček, a spokesperson for the US Federal Government, during a phone call with ESPN.

The organizing committee was reportedly blindsided by the news, so we reached out to the San Francisco mayor, Zvonimir Puljić, for comment. "I can't believe we're going to lose the hosting rights because of this. Yes, officials confirmed to me that the decision is final. Without that guarantee, we can't move forward because San Francisco simply isn't in a position to shoulder the costs alone."
However, there is a strong possibility the event will still take place in America. Following the announcement from the Cabinet, the Mayor of Washington, D.C., Milan Bandić, stated that Washington is ready to step in for San Francisco and that funding won't be an issue.
Jacob Lee11 Jacob Lee11 Newcomer
5 messages
joined Jan 2013
#2 ·
It’s probably for the best that the administration isn't throwing around guarantees. As for Puljica, was he actually mayor when he decided not to honor that contract with the Associated Press regarding the Democratic Congress organization? Only a reckless government would offer guarantees to people and local municipalities that don't respect their agreements.

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