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<p style="font-size: 18pt; font-weight:bold; font-family:arial, 'sans-serif';"><a href="http://www.summerolympian.com/olympics/comment/czech-republic-may-soon-drop-2016-olympic-bid1/">Czech Republic May Soon Drop 2016 Olympic Bid</a></p> <p style="font-size: 10pt; font-weight:normal; font-family:arial, 'sans-serif';">Posted December 14, 2007 at 03:42 PM by Jimmie R. Markham</p> <p style="font-size: 10pt; font-weight:normal; font-family:arial, 'sans-serif'">Most people don’t think about these things too often, but it cost a lot of money to host an Olympic Games. It will cost some Kč124 Billion (Czech Koruna), which translates to $7 Billion (USD) to stage the 2016 Games of the XXXI Olympiad in Prague, Czech Republic. That’s why Tomas Petera, the head of Praha Olympijska (Olympic Prague), the organization that has launched a bid for the Games, is in a bit of a panic. He is considering withdrawing Prague’s bid unless he can quickly get some guarantees from the Czech government to fund half the costs required to conduct the event. “Without it, our chances equal zero,” Petera said. “We are going to have to make a final decision whether to bid or not some time between now and Jan. 14, depending on whether…<a href="http://www.summerolympian.com/olympics/comment/czech-republic-may-soon-drop-2016-olympic-bid1/">(<a href="http://www.summerolympian.com/olympics/comment/czech-republic-may-soon-drop-2016-olympic-bid1/">Continued...</a>)<br clear="all" /><br> <p style="font-size: 10pt; font-weight:normal; font-family:arial, 'sans-serif'"><a href="http://www.summerolympian.com/olympics/comment/czech-republic-may-soon-drop-2016-olympic-bid1/">Read the full article...</a> | <a href="http://www.summerolympian.com/olympics/comment/czech-republic-may-soon-drop-2016-olympic-bid1/">Comment on this post</a></p> <p style="font-size: 10pt; font-weight:normal; font-family:arial, 'sans-serif'">Filed under: <a href="http://www.summerolympian.com/olympics/archive/category/summer-2016/">Summer-2016</a><br /><br /> </P>