(ATR) Russia's most storied city hopes to add to its legacy by winning the 2012 Olympics. Host of the 1980 Olympics, Moscow's bid uses many of the venues from those Games, renewing them for a new generation of sport.
With the 1980 Games hit by boycott, Moscow bid leaders say a 2012 Olympics would provide the chance to show the world the new Russia that has emerged from the former Soviet Union. The Olympics would also help encourage democratic reforms, say leaders of the bid.
The Moscow River is a common element in the 2012 bid with many of the venues set along its banks.
The bid plan calls for the construction of 12 competition venues along with an International Broadcast Center and the Main Press Center.
Of the competition venues, eight would be permanent and four would be temporary. The cost of new construction would be around $740 million with most of that for permanent venues.
The major construction projects would be football venues, which would be funded by private investors, allowing the entire tournament for the sport to be held within the city limits, unusual for Summer Games which usually depend on satellite football venues in other cities.
The Olympic Stadium is the same as for the 1980 Olympics, Luzhniki Stadium, which would be nearly 60 years old at the time of the Games. Plan call for upgrades to the arena, which is still regulatly used for sports events.
The Olympic Village would be built along the banks of the Moscow River. According to figures in the Moscow bid book, the village would have the most room of the five 2012 bids, 33.2 square meters for each resident. The total cost would be $530.5 million; after the Games, the village would be used for housing and other services.
Moscow's operating budget is $1.79 billion, ticket revenue is forecast at $100 million, $100 million for licensing and sponsorships would raise $535 million
Moscow's proposed dates are July 14-29, two weeks earlier on the calendar than the other 2012 cities.
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