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Olympics: Investor in Sochi Games calls for tax rebates

Published April 3, 2013 8:48 am

This is an archived article that was published on sltrib.com in 2013, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

MOSCOW • A key investor in Russia's 2014 Olympics is lobbying the government to create a special economic zone in the region and offer tax rebates for companies operating there.

Sergei Bachin, director general of Roza Khutor, which is building an Alpine ski resort, a snowboard and freestyle park and one of the three Olympic villages, said in an interview with the Associated Press on Wednesday that his company made the request in a letter to the government last month.

Roza Khutor is owned by Interros, an investment vehicle of tycoon Vladimir Potanin that is spending about $2.2 billion on Olympic projects in Sochi.

Basic Element, a holding company of billionaire Oleg Deripaska, has also called for government compensation for some of the losses it has incurred in Sochi.