PyeongChang 2014 announces it will launch the Institute for Olympic Legacy Development to manage both the tangible and intangible Olympic legacy as effectively as possible, should it host the 2014 Winter Olympic Games. It will also establish the Olympic Legacy Development Fund for the sustainable development of winter sports.
PyeongChang 2014 says it is using the “extensive sporting and cultural legacy of the 1988 Seoul Olympic and Paralympic Games” and has established a vision to maximize the legacy and expansion of the Olympic Movement.
The Institute for Olympic Legacy Development will develop programs related to winter sports using the expertise and knowledge gained after the 2014 Winter Games, said the bid committee. They will maximize the post-Olympic use of new venues, fostering young athletes, host winter sports events, forums, cultural events, academic conferences and conventions.
In the lead up to 2014, $70 million (U.S.) will be raised from private and public sources to be used for the promotion of the World Youth Winter Sports Festival, a concept proposed by PyeongChang to develop education programs for the next generation and to expand the Olympic Movement.
PyeonChang says it will also establish a Winter Sports Museum highlighting the history and culture of winter sports for the first time in the world. The local government of Gangwon Province plans to start the 10,000 m construction site in 2008 and to complete it in 2013 at a cost of $30 million (U.S.)
Han Seung-soo, Chairman of the PyeongChang 2014 bid committee said, “the legacy in its various forms is a critically important aspect of any modern Olympic and Paralympic Games. We will use our past experience to ensure a lasting and meaningful legacy if PyeongChang is chosen to host the 2014 Olympic and Paralympic Games”.
