Olympic Regional Development Authority

New York News
7:45 pm
Wed July 9, 2014

NY Olympic Authority Faces Cash-Flow Crunch

Credit WAMC/Pat Bradley

A state audit has found that the public entity operating former Olympic venues in Lake Placid continues to face significant cash flow problems and has had to borrow money to make payroll.

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Hudson Valley News
8:01 am
Thu March 28, 2013

Comptroller to conduct full audit of ORDA, including Belleayre

Credit Joseph Spector - Politics on the Hudson

ALBANY – Saying “financial issues persist,” State Comptroller Thomas DiNapoli said Wednesday that his office will conduct a full financial audit of the Olympic Regional Development Authority, especially in light of the agency taking over the Catskills-based Belleayre Mountain Ski Center.

DiNapoli said his office will examine selected financial management practices related to payroll, procurement and other areas.

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