The first true sports facilities were managed under the French protectorate, as illustrated by the development of the Ksar Said racecourse and construction of the Stade Chedli Zouiten in the neighborhood of Belvedere, which had long been the main stadium in the capital before being supplanted by the Olympic stadium, Stade El Menzah, where EST and CA play their football today. The Olympic stadium and village area were built to accommodate the Mediterranean Games in 1967. A 60,000-seat stadium was also built in Radès for the Mediterranean Games in 2001 at an estimated cost of 170 million dinars, with nearly half of the loans financed by South Korean businessmen. The Olympic village was financed by an investment estimated at 50 million dinars.  In 2008, the government announced the start of construction of a large sports complex that will include several sports academies, a 20,000-seat stadium, and a swimming centre. Known as Tunis Sports City, it will expand around the lake of Tunis, on the road to La Marsa.