Get ready to hit the slopes! 🏂 Salt Lake City just unveiled a projected $4 billion budget for the 2034 Winter Olympic Games, aiming to keep costs sleek and sustainable.
Despite planning for 40% more events than the epic 2002 Games, the operational costs are actually 1% lower when you adjust for inflation. Talk about beating the odds! 🎯
The International Olympic Committee (IOC) will be crunching these numbers later this month. If all goes well, Utah's capital might officially snag the 2034 Games at the July 24 meeting before the Paris Summer Olympics.
What's the secret sauce? 🥫 Reusing and upgrading existing venues from 2002! Salt Lake City plans no new construction, keeping things eco-friendly and budget-smart. 🌎💡
Historically, hosting the Olympics can be a budget buster. Remember Sochi 2014? Russia shelled out a whopping $51 billion! And South Korea's 2018 Games cost $12.9 billion, way over initial estimates.
But Salt Lake City is flipping the script! They aim to balance the books with $1.8 billion in domestic sponsorships and support local sports programs with a $260 million legacy fund. 🏀🏒⚽
Of course, Olympic budgeting is an ever-evolving game. \"We're probably on iteration over a hundred,\" said bid CEO Fraser Bullock. \"As you learn more and get more information, they constantly evolve.\"
If Salt Lake City pulls this off, it could set a new trend for future Games—sustainable, savvy, and super exciting! ✨
Reference(s):
Salt Lake City Olympic bid projects $4b budget for 2034 Winter Games
cgtn.com
