Yahoo! Sports · May 1, 2015
Soccer-Corinthians stadium confirmed as Olympic venue
SAO PAULO, April 30 (Reuters) - The city of Sao Paulo confirmed on Thursday that Corinthians arena will be used as an Olympic soccer venue after the Rio 2016 organising committee agreed to pay for the adjustments necessary to host 10 matches there at next year's Games.
Rio stepped in after both Corinthians and Sao Paulo refused to pay for alterations local media have estimated will cost 30 million reais ($10 million).
"In keeping with this compromise, the Rio 2016 committee is going to be responsible for paying for the temporary structures that will be used at the Corinthians area, in Itaquera, and for the operational costs," a statement issued by Sao Paulo said.