Poznan, Poland Abandons 2018 Youth Olympic Games bid

The Associated Press reported Tuesday that the city of Poznan in Poland has dropped its campaign to bid for the 2018 Youth Olympic Games after the city council voted against providing financial guarantees for the project. All cities bidding for the 2018 Games have until October 15 to provide the International Olympic Committee (IOC) with full financial committments along with detailed bid plans.

It was reported that the city denied the funding of an equivalent of (USD) $25 million with a 27-4 vote. Instead, they favoured spending on other municipal projects.

Poznan was one of two finalists for the 2014 Youth Olympic Games but lost the final vote to Nanjing, China by a vote of 47-42. After the close loss bid officials committed to a 2016 bid and the city has been considered a frontrunner in the race. Buenos Aires, Medellin, Glasgow, Guadalajara and Rotterdam remain in the hunt with a final decision expected in July, 2013.