The Salt Lake City-Utah Committee for the Games released its proposed budget for hosting the 2034 Winter Olympics.
Organizers unveil bigger budget than previously anticipated, but still promise no state or local public spending.
An Olympic-wrapped UTA TRAX light rail train arrives at the Arena Station next to the Delta Center in Salt Lake City on Wednesday, April 10, 2024.When the group steering the effort to bring an Olympics back to Utah said it could do it without tapping into any public funding, it might have felt like a sleight of hand.Utah is expected to be awarded the Games ahead of the Paris 2024 Summer Olympics and most of the $2.
The total budget to host the Winter Olympics in 2034 is just under $4 billion. That includes, according to a news release, “revenue sharing with the U.S. Olympic & Paralympic Committee, sponsorship fulfillment, sales costs, and legacy funding.” Following the blueprint from the 2002 Games, local organizers hope to reinvest $260 million to support Utah community sports programs upon the conclusion of the 2034 Olympics.
Some of that will go to the Utah Olympic Legacy Foundation, which received about $76 million following the 2002 Games. That provided for the upkeep of Olympic venues and prevented the current group from having to build any new permanent venues ahead of the 2034 Games. “A cornerstone of our financial plan is that we will raise our entire Games operating budget from commercial and private sources,” Fraser Bullock, the SLC-UT 2034 president and CEO said in a statement, “with no use of state or local taxpayer dollars.”: June 10, 9:49 a.m. • This article has been updated to correct the amount of money the Utah Olympic Legacy Foundation received in 2002 and the amount it is budgeted to receive after the 2034 Winter Games.Could the U.S.
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