Who organized the 2002 Olympics help in Salt Lake City?
Who organized the 2002 Olympics help in Salt Lake City?
the Salt Lake Organizing Committee (SLOC)
The 2002 Winter Olympics and Paralympics were both organized by the Salt Lake Organizing Committee (SLOC), the first time that both events were organized by a single committee. The Games featured 2,399 athletes from 78 nations, participating in 78 events in 15 disciplines.
What major scandal happened at the 2002 Salt Lake City Games?
The 2002 Olympic Winter Games bid scandal was a scandal involving allegations of bribery used to win the rights to host the 2002 Winter Olympics in Salt Lake City, Utah, United States.
What was the benefit of Utah hosting the 2002 Olympics?
Endowment/Games surplus The 2002 Olympic Winter Games produced a surplus of $163.4 million, $59.0 million of which was paid back to the state of Utah per agreements between the SLOC and state and local governments made in the 1990s.
What is one impact from the 2002 Olympics on the state of Utah?
Official state estimates of the economic impact showed the Salt Lake Olympics yielded $100 million in profits, $4.8 billion in sales, 35,000 job years of employment and $1.5 billion in earnings for Utah workers during 2002.
What happened to SLC Olympics?
The Salt Lake City Games were the 19th occurrence of the Winter Olympic Games. Scandal and fears of terrorism marked the 2002 Games long before the Olympic torch arrived in Salt Lake City. In November 1998 the first allegation of bribery and misuse of funds by the Salt Lake Organizing Committee (SLOC) emerged.
What was the biggest challenge for SLOC to deal with in organizing a successful Olympics?
Despite cooperative planning, three years prior to the Games, SLOC still had a problem: Budget requirements exceeded available funding by $400 million—with no contingency funds. To address the issue, Bullock led an effort to separate “must-have” from “nice-to-have” items.
How did the 2002 Winter Olympics affect Utah?
The State of Utah calculated that the Olympic Winter Games 2002 drove more than USD 5 billion in economic impact. The net tax revenue (additional revenue minus additional expenses) to state and local government amounted to USD 76 million for the 1996-2003 period.
Did Utah make money on the Olympics?
In addition to transportation infrastructure, there was also significant public investment in the Olympic venues. In the 1990’s, Utah taxpayers voted to give 59 million dollars to the facilities with the hopes of attracting the games. After the 2002 games, the money was paid back with interest.