• FILE - In this April 22, 2015, file photo, Sidney Levy speaks during an interview, in Rio de Janeiro, Brazil. The CEO of the Rio Olympics says his privately funded operating budget will need just under $30 million in public funding to meet its obligations.
Chief executive officer Sidney Levy had pledged that only private money would be used to run the games, though that promise was broken just over a month ago when the committee requested a bailout from the city of Rio de Janeiro and the federal government. (AP Photo/Silvia Izquierdo, File)

    FILE - In this April 22, 2015, file photo, Sidney Levy speaks during an interview, in Rio de Janeiro, Brazil. The CEO of the Rio Olympics says his privately funded operating budget will need just under $30 million in public funding to meet its ... obligations. Chief executive officer Sidney Levy had pledged that only private money would be used to run the games, though that promise was broken just over a month ago when the committee requested a bailout from the city of Rio de Janeiro and the federal government. (AP Photo/Silvia Izquierdo, File) (The Associated Press)

  • FILE - In this April 22, 2015, file photo, Sidney Levy speaks during an interview, in Rio de Janeiro, Brazil. The CEO of the Rio Olympics says his privately funded operating budget will need just under $30 million in public funding to meet its obligations.
Chief executive officer Sidney Levy had pledged that only private money would be used to run the games, though that promise was broken just over a month ago when the committee requested a bailout from the city of Rio de Janeiro and the federal government. (AP Photo/Silvia Izquierdo, File)

    FILE - In this April 22, 2015, file photo, Sidney Levy speaks during an interview, in Rio de Janeiro, Brazil. The CEO of the Rio Olympics says his privately funded operating budget will need just under $30 million in public funding to meet its ... obligations. Chief executive officer Sidney Levy had pledged that only private money would be used to run the games, though that promise was broken just over a month ago when the committee requested a bailout from the city of Rio de Janeiro and the federal government. (AP Photo/Silvia Izquierdo, File) (The Associated Press)

Rio Olympic CEO says privately-run budget needs public money

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The CEO of the Rio Olympics says his privately-funded operating budget needs about $30 million in public funding to meet its obligations.

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Chief executive officer Sidney Levy had pledged that only private money would be used to run the games, though that was broken just over a month ago when the committee requested a bailout from the city of Rio de Janeiro and the federal government.

Levy says "we committed ourselves to hosting the games without any public funds, but during the journey there were a lot of ups and downs" that led to the overrun.

Speaking Sunday, Levy said the final figure for the operating budget was $2.8 billion. The dollar-denominated number has fluctuated because of wide swings in that currency's value against the Brazilian real.