The facility worth $100 million will become state property reportedly due to the high transportation costs. 

Initially, it was planned to move the Shaiba ice palace to one of the Russian regions after the Winter Olympics are over. But since the costs of the re-location could run as high as $20 million, the investor thought it would be cheaper to offer this generous gesture.

The Ural Mining and Metallurgical Company is controlled by Iskandar Makhmudov, with just about a 50 percent stake, and Andrey Kozitsyn, owning 35 percent.

Sources: http://www.kommersant.ru http://www.lenta.ru