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Sochi investor wants tax rebates

Updated: April 3, 2013, 2:28 PM ET
Associated Press

MOSCOW -- A key investor in Russia's 2014 Winter Olympics is lobbying the government to offer tax rebates for the companies operating in Sochi to help offset the rising costs of the games.

Estimates for the Sochi Olympics and the related development of the host region in southern Russia have reached almost $50 billion, making it the most expensive Olympic games ever, winter or summer. In contrast, the 2012 Summer Olympics in London cost about $14.3 billion.

Staging the games and building ...

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