Olympic Regional Development Authority

Olympic Regional Development Authority

Later this month, Lake Placid will be the site of an 11-hour, multi-performer bluegrass festival. It’s the first time that Lake Placid, which has hosted two Olympics, has showcased performers in that style of music.

Olympic Regional Development Authority

The first snow of the season has fallen in the Adirondacks, where Whiteface Mountain has received a dusting.

WAMC/Pat Bradley

The New York State comptroller has issued an audit strongly critical of the Olympic Regional Development Authority’s financial practices.

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.

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.