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Here’s how the 2030 Winter Olympics could affect Utah’s economy

The Olympic cauldron will be lit to mark the 20th anniversary of the opening ceremony of the Salt Lake 2002 Olympic Games at the University of Utah’s Rice-Eccles Stadium on February 8th. Tuesday’s Newsmakers Breakfast from the Kem C. Gardner Policy Institute focused on short- and long-term economic impacts that the 2030 Olympic and Paralympic Winter Games would have on Utah if it were awarded the Games. (Scott G. Winterton, Deseret News)

Estimated reading time: 1-2 minutes

SALT LAKE CITY – The 2030 Winter Olympic and Paralympic Games would bring the world’s top athletes to the Beehive State and have a significant economic impact on the state.

“The beauty of bringing the Olympics to a community is that we can expect some boost in our economic situation,” said Fraser Bullock, president and CEO of the Salt Lake City Games Committee. “We’re going to have that extra layer of economic activity that we can rely on even if there’s an economic downturn like the one we experienced in 2000.”

Tuesday’s Kem C. Gardner Policy Institute Newsmaker Breakfast focused on the near- and long-term economic impact the Games would have on Utah’s capital, as well as job growth and economic output. Salt Lake City is currently vying to host the 2030 or 2034 Winter Games.

A recent economic study conducted by the institute estimates that the 2030 Winter Olympics will contribute US$3.9 billion to the state’s economic output.

It is also estimated to yield approximately 30,000 years of employment and a $1.5 billion personal income impact.

A table shows the economic impact that the 2030 Utah Winter Olympics could have.  The Kem C. Gardner Policy Institute's Newsmaker Breakfast in May focused on the near- and long-term economic impact that the 2030 Olympic and Paralympic Winter Games would have on the Utah capital, as well as the level of job growth and economic output that the state could see.A table shows the economic impact that the 2030 Utah Winter Olympics could have. The Kem C. Gardner Policy Institute’s Newsmaker Breakfast in May focused on the near- and long-term economic impact that the 2030 Olympic and Paralympic Winter Games would have on the Utah capital, as well as the level of job growth and economic output that the state could see. (Photo: Kem C. Gardner Policy Institute)

“These are solid economic numbers,” said Natalie Gochnour, director of the Kem C. Gardner Policy Institute. “We’ve done this before (and) we’re real experts at understanding the economic implications.”

This story will be updated.

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Logan Stefanich is a reporter for KSL.com covering the communities, education, economy and military of southern Utah.

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