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Thu September 2, 2010
WEG Foundation Trims Budget
By Brenna Angel
LEXINGTON, Ky. – The operating budget for the World Equestrian Games has been scaled down by around $500,000 due to relatively low ticket sales. Jamie Link, CEO of the World Games 2010 Foundation, told the Lexington Herald-Leader that the integrity of the sporting events will not be compromised, but visual elements such as flowers and decorations are being cut back.
Title sponsor Alltech is stepping in to help with some of the financial gaps by marketing the high-profile ticket and amenities packages, and contributing about $2.5 million in staffing.
The original budget for the 2010 World Equestrian Games kicking off at the Kentucky Horse Park this month was $76-million.