SARAJEVO, Yugoslavia -- Organizers of the Olympic Winter Games hope to recover some 80 per cent of the $140 million cost through marketing deals and other money-raising schemes.
The remainder will be mainly met by the local region of Bosnia-Herzogovina and other Yugoslav provinces.
Originally the total cost was the equivalent of $167 million but dropped in dollar terms to $140 million due to a falling exchange rate for the Yugoslav dinar.
The marketing committee set up by organizers to recoup as much of the money as possible said it has managed to conclude agreements with more than 170 commercial companies.
These involve selling the right to use the Sarajevo Games symbol - Vucko the Friendly Wolf -- and the Olympic rings on products.
Other money-raising schemes include sponsorship deals, an Olympic lottery, sale of advertising space and straight donations from industry and the public.
Officials said the Olympic lottery has been going especially well along with the sale of special postage stamps.
Current estimates are for the equivalent of $110 million to be raised.
Most of the remaining $30 million will be paid by the city of Sarajevo and the province of Bosnia-Herzogovina, with other Yugoslav regions being asked to help.
The apartment buildings in the Olympic Village and nearby Press Village have already been purchased by various industrial enterprise who will rent out the flats to their workers.
