Bobsled, skeleton and luge events will not be held in Italy during the 2026 Milan-Cortina Olympics, organizing committee officials said Monday, meaning those athletes will likely be competing in either Austria or Switzerland during the Games.

Organizers in Italy said the change of plans was made primarily because of money. A long-controversial plan to rebuild the historic Eugenio Monti track in Cortina d'Ampezzo — built 100 years ago, used for the 1956 Olympics, and shut down 15 years ago — simply became too costly after it became clear the original budget of 50 million euros ($53 million US) slotted by the Italian government wouldn't be close to enough.

Some estimates in recent months suggested the actual price would be at least twice that amount.

"USA Luge is disappointed that the location of the sliding sports venue for the 2026 Olympic Winter Games has been moved away from Cortina, as we believe it would have been an ideal location given its history," USA Luge CEO Jim Leahy said. "That said, our athletes will be ready and enthusiastic for the competitions, regardless of where they take place."

The tracks in Igls, Austria, and St. Moritz, Switzerland – Igls is about 161 kilometres miles from Cortina, and St. Moritz about 322 km from Cortina -- are likely to be the only two seriously considered for the 2026 Games. Monday's decision was revealed at the International Olympic Committee's annual meeting in Mumbai, India.

It is an historic move, since now the 2026 Games will be the first in Winter Olympic history to have events held outside the "host" nation.

"As chairman of the IOC sustainability and legacy commission, I can only applaud the decision by our friends in Milano-Cortina not to go ahead with the reconstruction of the sliding center in Cortina," said IOC member Prince Albert II of Monaco, who competed in five Olympics as a bobsledder. "And I am absolutely confident that the best solution will be found for an existing venue to be the venue for those games."

Moments after the announcement, IOC member Karl Stoss of Austria made clear that his country "would be more than happy" to be the sliding host in 2026.

"Thank you, Mr. Stoss, already on the campaign trail," IOC president Thomas Bach said.

The IOC could decide the sliding venue for 2026 by the end of this year.

Italy has won 31 Olympic sliding medals, most of them in luge. The track built for the 2006 Turin Games, at a cost of about $100 million, was dismantled because of high operating and maintenance costs in 2012, and that helped doom the efforts to get the Cortina track project going.

Italian Winter Sports Federation president Flavio Roda said his organization was "shocked" by Monday's announcement. Italy does not have a home track.

"Even the justification of elevated costs is not sufficient to explain such a big decision," Roda said, adding that he believes the move is "destined to bury our sliding programs."

The IOC had long been skeptical about the Cortina sliding track project and urges Olympic hosts to avoid building venues which do not fulfil a proven need for local communities. Using venues outside a host country is now encouraged to limit costs for Olympic organizers who typically overspend budgets. The Cortina track plan also had been protested by some in Italy, who questioned how, or if, the track would be used after the 2026 Games.

And this could become a trend for sliding sports, given how there aren't many tracks in the world and how expensive it is to build a new one. Stockholm's bid to host the 2030 Winter Games in Sweden is expected to include a plan to have sliding events take place in Sigulda, Latvia. Salt Lake City, the only bidder for the 2034 Winter Games, has an existing track in nearby Park City that was used for the 2002 Games.

Igls and St. Moritz are venues that most of the world's sliders are familiar with, given how those tracks are regular stops on the World Cup circuits for those sports. But Monday's decision will lead to other questions, including how those athletes will be made to feel like they are part of an Olympics in Italy -- without actually being in Italy.

There will also be logistical decisions to navigate, such as how sliders could take part in the opening and closing ceremonies in 2026 and if they'll have anything like an Olympic village to call their own.

Milan-Cortina won hosting rights in 2019, beating a Swedish bid centred on Stockholm. Much like Sweden's 2030 bid, that plan also called for the use of the sliding track in Latvia.