NY to audit agency running former Olympic venues
ALBANY, N.Y. (AP) - New York Comptroller Thomas DiNapoli is launching a full audit of the state agency that operates former Olympic venues in Lake Placid and other ski areas after finding persistent financial issues, including a nearly $17 million operating loss last year.
The comptroller's office also faults the Olympic Regional Development Authority for relying on a line of credit from a private bank to fill periodic funding shortfalls.
ORDA was created to operate the venues after the 1980 winter games and now runs the ski areas at Whiteface Mountain and Gore Mountain in the Adirondacks, at Belleayre Mountain in the Catskills and the former Olympic ski jump and sports complex at Lake Placid. It also hosts national and international sporting events.
The agency didn't initially respond to a request for comment Wednesday.
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