Utah Hosting Another Olympics Has Price Increases Due to COVID-19

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. Those expenses include “substantially” boosting the $60 million contingency fund, he said.

Read the source article at deseret.com

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