The Olympic House is a privately funded investment by the IOC in sustainability, operational efficiency and local economy and development.
The estimated construction costs amount to CHF145 million. Eighty per cent of the construction costs of Olympic House have been spent with local companies and contributed to the development of local competencies.
This investment will secure an asset owned with an increase in value for the IOC instead of cash out for rent higher than the value of the building over 50 years.
The operation of regrouping the IOC staff in one location will result in cost optimisation (-CHF 80 million in 50 years) from resource efficiency to synergy and collaboration within the IOC administration.