Pan Am Games organizers given cash deadline

PRINT EMAIL FACEBOOK DIGG TWITTER RSS SHARE

GUADALAJARA, Mexico (AP) -- Organizers of the 2011 Pan American Games in Guadalajara have been given two weeks to come up with a guarantee to pay $50 million if the Mexican city fails to deliver on its promise to host the games.

The Pan Am Sports Organization, holding its general assembly on Thursday in Mexico's second city, asked for the guarantee several weeks ago when it became clear local organizers were behind schedule building a stadium for athletics, an aquatic center and an athletes' village.

The problems surrounding the 2011 games have taken some of the focus off Friday's announcement of the venue for the 2015 games. Toronto, Lima and Bogota are bidding for those games with Toronto and Bogota considered the favorites.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.