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I think it is.
The track itself is actually in good condition up close, although it's a bit discoloured from the weather.
I was there mid-week in October so didn't see anyone actually using it, which is to be expected.
I tried to get to the concrete stand built into the small hillside, but it was all locked up!The pavillion and track are architecturally really nice; modernist style built for the 1940 Olympics .
Helsinki in general was great for walking around and looking at buildings.
Helsinki Velodrome I visited.
Quite steep banking for a concrete track.