Salt Lake City 2034 Olympics expected to cost $2.83 billion, funded without state or local taxes (2024)

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Salt Lake City 2034 Olympics expected to cost $2.83 billion, funded without state or local taxes? ›

Salt Lake City 2034 Olympics expected to cost $2.83 billion, funded without state or local taxes. The leaders of the Salt Lake City-Utah Olympic Committee announced the operations costs of the 2034 Games would be an estimated $2.83 billion, all funded without any local or state taxes.

Fraser Bullock, the SLC-UT president and CEO, said the organizing committee has had to perform a balancing act when setting prices. Ticket sales will be relied upon to cover at least a third of the 2034 Games' estimated $4 billion price tag.

Organizers for the proposed 2034 Winter Olympics in Salt Lake City released their first budget estimate Monday, projecting total costs of just under $4 billion, with $2.84 billion of that slated for operational costs.

Salt Lake City officials reportedly spent money on lavish trips to Utah, paid children's tuitions and covered medical costs, all for IOC members whose responsibilities included voting on the sites of future games. Vanocur's report set off the largest bribery scandal in the history of the Olympics.

The International Olympic Committee voted 83-6 to officially award the 2034 Winter Games to Salt Lake City. And with that, the decision was official.

Who will pay for the 2034 Winter Olympics in Utah? Organizers of Utah's bid for the 2034 games say private money will pay for the $2.83 billion operating budget. But that operating budget is just one component of Olympics spending.

IOC President Thomas Bach said: “Salt Lake City and Utah are long-time friends of the Olympic Movement, and we are confident that they will organise exceptional Olympic and Paralympic Games, just as they did years ago. The legacy of 2002 is tangibly and passionately alive in Utah.

PARIS — The International Olympic Committee has voted to give the French Alps the 2030 Winter Olympics and has chosen Salt Lake City to host the 2034 Winter Olympics.

Salt Lake City officially elected as host of 2034 Winter Olympics and Paralympics.

THE GAMES FINANCE THEMSELVES

Almost all (96 per cent) of the budget to organise the Paris 2024 Olympic and Paralympic Games comes from the private sector, namely the IOC, partner companies, the Games ticket office, and licensing.

What is the controversy with the Olympics in 2034? ›

They're upset about the International Olympic Committee's decision to name the U.S. as the host country for the 2034 Winter Olympic games under the condition that U.S. lawmakers and the Department of Justice drop an inquiry into the agency's handling of several incidents of doping on the Chinese Olympic teams.

It was charged that IOC members had accepted bribes—in the form of cash, gifts, entertainment, business favors, travel expenses, medical expenses, and even college tuition for members' children—from members of the committee that had successfully advanced the bid of Salt Lake City, Utah, as the site for the 2002 Winter ...

In one of the biggest scandals in sports history, Nancy Kerrigan was physically attacked on January 6, 1994, which put her at risk of never skating again. At the time, she was the top ice skater in the US and a gold medal hopeful for the 1994 Winter Olympics, The New York Times reported.

PARIS -- Salt Lake City was formally awarded the 2034 Winter Olympics following a Wednesday vote by the International Olympic Committee in Paris, which gives Utah its second Games after hosting in 2002. A watch party was planned at 3 a.m. local time -- 11 a.m. in Paris -- to celebrate the announcement.

The historic decision marks the fifth time the Winter Olympic Games have been held in the USA and 32 years since Utah last hosted the world. The anticipation for the 2034 Games is already building, with the Olympics tentatively scheduled from February 10-26 and the Paralympics from March 10-19, 2034.

Salt Lake City was confirmed as host of the 2034 Winter Olympics at the 142nd IOC Session on July 24, 2024 in Paris, France. As per the new format of choosing future Olympic Games host cities from the IOC's Agenda 2020, the vote was in a form of a referendum to the 95 IOC delegates.

Ticket prices for US visitors at Paris Olympics

The ticket prices stand at an average of about $135 to $746 for events like women's artistic gymnastics, says TIME. Meanwhile, there are some tickets available under $100 as well, including the swimming semi-finals.

"The average Olympics goes over by 172%, so if you look at estimates of what it would take to host Olympics in Los Angeles, I think the initial budget was around $5 billion, which history would tell us would probably get up to 7, 8, 9 billion," said Adam Beissel, who studies Olympic Games and is an associate professor ...

With a five-hour opening ceremony and the creation of a “country fair” atmosphere complete with booths, amusem*nt park rides, and concerts, the 1996 Olympics cost nearly $1.7 billion. For the first time, the Games received no governmental financial support.