A Denver 2022 Olympics Price Tag Would be $1.5 Billion

The Denver Post reports that, according to Alem International Management Inc., a Denver 2022 Winter Olympics would cost $1.5 billion.

The estimate came during the first meeting of an exploratory committee held Saturday to assess the feasibility of Denver hosting the 2022 Games.

The panel was convened by Colorado Gov. John Hickenlooper and Denver Mayor Michael Hancock, and includes business leaders and other public officials. It will decide within a 90-day period whether to continue further into the process of securing a bid, or abandon the idea.

LaCharles Keesee, senior advisor to Governor Hancock said, “we realize there is a lot on our plate before even thinking about hosting an Olympics, but we believe in Denver as a world-class city.

“World-class cities often have a lot on their plate, and what distinguishes them from other cities is their ability or organize that information, to prioritize it. and then to consume and make good sound decisions”.

Four sub-committees were formed at the meeting that will assess everything from the economic impact to infrastructure concerns to the environment impact, before the committee reconvenes in two weeks.

Meanwhile the U.S. Olympic Committee (USOC) hasn’t yet decided whether it will recommend a U.S. city to host the 2022 Games.