SALT LAKE CITY (News4Utah) - March 31 is the deadline for Salt Lake City to make its bid to host the 2030 Winter Olympics, and the Chamber of Commerce said it has no reservations about the city doing it all over again.
The city will officially make its bid to the U.S. Olympic Committee. According to Fraser Bullock, Olympic Exploratory Committee Chair and COO of the 2002 Games, Salt Lake City's existing Olympics infrastructure, good snowfall and relatively low budget make it a more-than-viable candidate for 2030.
"Having existing infrastructure like we have is the biggest element in reducing the cost of the games," Fraser told News4Utah shortly after speaking with the Salt Lake City Chamber of Commerce Wednesday.
According to Fraser, the International Olympic Committee is having trouble garnering interest from potential host cities, because of the huge financial burden the event can create.
For example, the 2014 Winter Olympic Games in Sochi, Russia had a price tag of $51 billion, prompting other European countries to sit out of potential future bidding. The recent games in Pyeongchang, South Korea, cost well over $10 billion.
According to the budget proposed by Bullock, Salt Lake City may spend close to only $1.35 billion to host again, thanks to infrastructure that already exists. He said only minor tweaks may be necessary.
The Salt Lake City business community said Wednesday it was excited to support the idea of a 2026 or 2030 bid.
"The Olympics in 2002 set us on the world stage," said Abby Osborne, VP of Government Relations for the SLC Chamber of Commerce. "Utah is a great place to live, work and play."
Click to read the current budget proposal for the 2030 Winter Olympic Games.
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