Pan Am Games under budget for capital infrastructure, quarterly report says

Organizers for this summer's Pan Am Games say they're about $53.5 million under budget for capital infrastructure spending. (Aaron Lynett / THE CANADIAN PRESS)

TORONTO - Organizers for this summer's Pan Am Games say they're about $53.5 million under budget for capital infrastructure spending, with only two venues still to be finished.

In its fourth-quarter financial report released today, the TO2015 organizing committee says it has spent $551.7 million of its $672-million capital budget, which includes venue construction.

It says $15 million of that was spent in the quarter that ended on March 31.

The committee says only the Pan Am shooting centre in Cookstown and the Toronto track and field centre at York University remain to be completed, with 49 days to go before the international competition.

An event to mark the completion of the Hamilton soccer stadium is set for this afternoon.

TO2015 says operating expenses for the quarter were $128.9 million, spent largely on overlay, technology, sports operations, event and ceremonies, transportation and logistics.