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Cost of another Utah Olympics rising as coronavirus adds to risks - Deseret News

Cost of another Utah Olympics rising as coronavirus adds to risks - Deseret News

Cost of another Utah Olympics rising as coronavirus adds to risks - Deseret News
Oct 22, 2020 1 min, 17 secs

SALT LAKE CITY — The price tag for hosting another Olympics in Utah is going to be higher than the $1.35 billion estimate released two years ago, according to leaders of the effort to bring another Winter Games to the state as soon as 2030.

Just how much more is still being worked out, although inflation alone would add $400 million to the bottom line for the 2030 Winter Games and nearly $500 million for the next Winter Games four years later, Fraser Bullock, president and CEO of the Salt Lake City-Utah Committee for the Games, told the Deseret News on Wednesday.

Also being added are new expenses related to the impact of the global coronavirus pandemic, said Bullock, the chief operating officer of the 2002 Winter Games in Salt Lake City.

Salt Lake City is still waiting to hear from the United States Olympic and Paralympic Committee about which future Winter Games they’ll bid for — 2030, 2034 or beyond.

At least three other cities around the world are competing with Salt Lake City for a Winter Games — Sapporo, Japan; Barcelona and the Pyrenees Mountain region in Spain; and Vancouver, Canada — Bullock said at the news conference.

The budget for another Salt Lake City Olympics is on its 35th draft, Bullock said.

Plus there needs to be a boost in the $63 million built into the budget for maintaining the state’s Olympic facilities, which include the bobsled, luge and skeleton track and ski jumps at the Utah Winter Sports Park near Park City, as well as to help fund the Utah Sports Commission, post-Games, Bullock said

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