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Thu April 3, 2014
Lexington's WEG Bid Picture Improving
It's getting down to the nitty gritty for Lexington's attempt to host the 2018 World Equestrian Games.
Lexington and the Bromont/Montreal area in Canada are competing to host the Olympic-style competition after Wellington, Fla., dropped out of the bid process just before the March 31 deadline.
The Lexington Herald-Leader reports Kentucky has submitted a signed host agreement with an undisclosed financial guarantee to the International Equestrian Federation. The group is the governing body for the games, which are held every four years.
Kentucky hosted the games at Lexington's Kentucky Horse Park in 2010, the first time they were held outside Europe.
To win that bid, the state had to put up a $2.5 million financial guarantee that was later repaid by the non-profit group organized to run the games. State officials have said the 2010 games generated more than $200 million in economic activity.