How much does it cost to host the 2030 Olympic Games in Sapporo Japan?

The “huge expense” of another Olympics in Sapporo, Japan, just got bigger.

Salt Lake City’s sole remaining rival for the 2030 Winter Games now expects to spend up to $2.17 billion to host it if selected by the International Olympic Committee, a $116 million increase from before announced budget limit, GamesBids.com reported.

The reason behind Sapporo’s budget increase, which also adds $27 million to the $307 million needed by the northern Japanese city’s taxpayers to meet the cost of new facilities, is the country’s rising inflation and sharp decline of the yen against the dollar Schimbu.

US inflation is more than three times the 2.5% expected annually in Salt Lake City’s proposed $2.2 billion 2030 budget, but Fraser Bullock, Salt Lake City’s president and CEO The Utah Games Committee said any higher costs of doing so would need to be offset by raising more money from licensing and other revenue streams.

“We may need to make an inflation adjustment. And when we do that, we’re going to do it on the cost side and on the revenue side,” Bullock said. “Revenues will also increase because they will be affected by inflation. So the net result, the net, will still be a break-even budget.”

It’s still too early to estimate how large that adjustment would be, he said. Salt Lake City’s budget, which totals $2030 and requires no funding from state or local taxpayers, includes a $200 million emergency fund and an additional $250 million earmarked for legacy projects.

What’s not in budget is a new build, since the facilities built in Utah for the 2002 Winter Games would be used again after about $30 million in updates, Bullock said, eliminating “the area at greatest risk” of cost overruns.

Sapporo, which last hosted Winter Games in 1972, plans to use some facilities built for the 1998 Winter Games in Nagano, Japan. Six years ago, during a brief bid for the 2026 Winter Games, Sapporo said it would cost more than $3 billion to host another Olympics.

The IOC’s Future Host Commission is scheduled to meet this month to review the bids from Sapporo and Salt Lake City and make recommendations to the Swiss-based organization’s board of directors. IOC leaders, meeting in December, could then decide to move one or both cities into the contract negotiation phase of the bid process.

At that point, Salt Lake City would make adjustments for inflation, Bullock said. The IOC’s full membership is expected to vote on hosting the 2030 Winter Games in autumn 2023, a decision originally scheduled for next May but recently postponed.

Many see Sapporo as the frontrunner in the race after the US Olympic and Paralympic Committee clarified that it would be better if Salt Lake City waited until 2034 rather than just 18 months after the 2028 Summer Games in Los Angeles. Bullock said Salt Lake City is ready for 2030 if needed.

Even as the U.S. favors hosting the 2034 Winter Games and another competitor, Vancouver, Canada, drops out of the race, Sapporo has struggled with public support, especially when compared to the nearly 80% of Utahns who say they want to host another Olympics want poll by Deseret News/Hinckley Institute of Politics.

In May, the Associated Press reported that Japan Olympic Committee head Yasuhiro Yamashita said that while there are “many views” among supporters of Sapporo’s bid, the biggest problem they face is “concerns about those involved.” huge costs involved” given the cost of the 2020 Summer Games in Tokyo being delayed by a year due to COVID-19.

Since then, however, a Tokyo Games executive has been charged with allegedly accepting money from Japanese companies that wanted to become sponsors. A Japanese IOC member, Morinari Watanabe, warned last week that the Olympic bribery scandal is hurting the bid.

“I think Sapporo remains the strongest candidate to host the 2030 Winter Olympics, but the Tokyo Games issue needs to be resolved,” Watanabe said last week, GamesBids.com reported. “It will be impossible for Sapporo unless the underlying suspicions are allayed, no matter how much publicity is given.”

Sapporo’s new budget, unveiled to city leaders this week, included a “reform declaration to ensure transparency and fairness,” described by GamesBids.com, which was signed by both the Japan Olympic Committee and the city of Sapporo seeking approval from the win back the public.

Mark Conrad, director of the athletic program at Fordham University’s Gabelli School of Business in New York City, said increasing Sapporo’s budget could further erode public support for the bid. But he said the budget changes might not matter much for the IOC.

“I don’t know if it will do much. These guys don’t pay the bills. That’s what it boils down to,” Conrad said. “As for them, in the politics that come with it, I don’t think it makes much of a difference. They are not embarrassed. That’s the big thing. When costs go down, costs go up.”



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