CAMPAIGN 2014: Don't miss CBS4's Gubernatorial Debate at 6 p.m. | Candidate Profiles | Reality Check | More

Local

Hosting The Olympics Comes With Hefty Price Tag

View Comments
Photo Credit: FABRICE COFFRINI/AFP/Getty Images)

Photo Credit: FABRICE COFFRINI/AFP/Getty Images)

DENVER (CBS4) – Hosting the 2022 Winter Olympics could come with a hefty price tag.

The exploratory committee looking into the feasibility of bringing the games to Denver met for the first time on Saturday. The 22-member group is looking at everything from cost to infrastructure to venues.

The group believes Denver would spend $1.5 billion for the games. Vancouver spent $1.86 billion to put on the last Winter Olympics, but they also were able to pay it all off.

The co-chair says money would come from a variety of sources.

“The IOC contributes some money, you get a lot of money from sponsors, you get a lot of money from ticket sales,” said Don Elliman, Exploratory Committee Co-Chair. “It’s like any other major event. There are numerous revenue sources, as there are numerous sources of expense.”

The committee hopes to send a recommendation, for or against, to Mayor Michael Hancock and Gov. John Hickenlooper within 90 days.

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,471 other followers