Ski industry and winter sport The 2002 Winter Olympics brought a huge amount of success to the Utah skiing industry. Since hosting the Winter Games, Utah has seen a 42% increase in skier and snowboarder visits –11. This increase resulted in direct expenditures from skiers and snowboarders growing 67% from $704 million in 2002–2003 to $1.2 billion in 2010–2011. Fourteen venues were constructed or expanded in preparation for the Winter Games. One of the venues constructed for the Games was the
Utah Olympic Park, which has proven to be one of the most successful venues to date because it has been maintained in top competition form. Owing to the routine maintenance of the park, Utah has been able to host a large number of winter competitions since 2002, including more than 60 World Cup events (e.g. the
FIS Freestyle Skiing World Cup), as well as seven world championships, and various other sporting events. Hosting these high-profile competitions has resulted in approximately $1 billion being injected into the local economy. During 2013–2014, Utah held 16 various winter sport events, bringing $27.3 million to the economy of Utah. After holding the Olympics, Utah became home to two National Governing Bodies of Sport. The
U.S. Ski and Snowboard Association is headquartered in
Park City, Utah and the U.S. Olympic speed skating team is based out of the
Utah Olympic Oval.
University of Utah expansion The
University of Utah was one of the hosts of the 2002 Winter Olympics; the planning committee approached the University of Utah and asked them to build several student dormitories which would serve as athletes' accommodation during the Games. It was agreed that the university would pay approximately $98 million out of the total required amount of $110 million to complete the construction. As a result, students of the university have benefited as almost 3,500 of them would be housed here after the Games. This was a great economic benefit to the university since the amount of money used to complete such dormitories could take long to be afforded. The university was also asked to expand
Rice Eccles Stadium to accommodate 50,000 people up from 32,000. The university would then be refunded almost $59 million and be given an extra $40 million for its maintenance. The 2002 Olympic Games also benefited the university economically since the
Salt Lake 2002 Olympic Cauldron Park was elevated by the renovations that took place. Ice rinks were very scarce in Utah, but they became plentiful and offered several entertainment and training opportunities for hockey players and figure skaters due to the Olympic Games. The Cauldron Park located at the University of Utah which was built with $6.5 million in profits and had the following features: a visitors' center which had a theater that showed a thrilling movie about the Olympic Games of 2002 and a "park" which had a dazzling pool and a V-shaped stone wall with the names of all the medalists of the 2002 Olympic Games. Besides, the park had 17 plates that hung on the stadium's fence celebrating the highlights of each day of the Olympics. All these features acted as tourist attraction that boosted the economic development of the university. In addition, it is indicated that the approximate value of media exposure through print during the Games was equated to $22.9 million. Mainly, this was a huge economic benefit to the university as more and more people got to know about the educational establishment, and this also boosted enrollment and future development.
Immigration Holger Preuss in his book
The Economics of Staging the Olympics: A Comparison of the Games 1972–2008 argues that "The export of the 'Olympic Games' service results in an inflow of funds to the host city, causing additional production which, in its turn, leads to employment and income effects." According to the study "2002 Olympic Winter Games, Economic, Demographic and Fiscal Impacts", the estimated creation of new job years of employment was 35,424, and additional earnings of $1,544,203,000. It was noted that the increase of Olympic related job started in 1996 and continued until 2003. These effects can be estimated on the ground of historical relationship between job and corresponding population growth. A lot of people migrated into the future place of the
Olympic Games for expanding and favorable employment opportunities that the Olympics ensured. Although residents occupied many of the higher paying jobs created by the Games, many of the vacated jobs were filled by immigrants who relocated for the better employment opportunities. Basically, the immigration rate was even larger because the employees immigrated with their families. The additional people paid diverse taxes and fees from their income, creating additional revenue on the state and local levels.
Employment Olympic related jobs in Utah started in 1996 with slight job opportunities of less than 100. However, from the job measurement conducted from 1996 to 2002, steady attainment of job opportunities established and a maximum level was noted in 2001 where there were 12,500 job opportunities attained yearly, and approximately 25,070 jobs created in 2002. Therefore, from 1996 to 2002 the sum of employment equated to 35,000 jobs which lasted a year. February 2002 is when the highest employment opportunities were created compared to other years. There were around 25,070 job opportunities created compared to 35,000 created from 1996 to 2001. It is difficult to quantify the impact of the 2002 Olympics on the
unemployment rates in Utah, due mostly to the effect of the
early 2000s recession. In 1996, the unemployment rate in Utah was approximately 3.4%, while the U.S. national average was 5.4% and by the end of 2001, the unemployment rate in Utah was around 4.8%, while the national average had risen to 5.7%. There was a high percentage of visitors to the Games, which raised the number of tourists whose consumption and demand prompted the establishment of job opportunities to meet the demands.
2034 Winter Olympics In 2017, an exploratory committee was formed to consider a Salt Lake City bid for a future Winter Olympics. In December 2018, the United States Olympic Committee (USOC, now the
United States Olympic & Paralympic Committee [USOPC]) named Salt Lake City as its preferred candidate to bid for a future Winter Olympics, citing that its experience and existing venues could be leveraged. In February 2022, amid the
2022 Winter Olympics and the 20th anniversary of the Games in Salt Lake City, the USOPC stated that it was "already in dialogue with the IOC, not yet for a specific year but as part of their evolving process", and acknowledged that there was "very high excitement and support from the local population." In November 2023, the IOC's Future Host Commission recommended that Salt Lake City–Utah be invited to engage in "targeted dialogue" with the IOC Executive Board as preferred host for the
2034 Winter Olympics; the Future Host Commission cited the bid's reliance on private funding, as well as plans to reuse much of the infrastructure that was originally built for the 2002 Games. On July 24, 2024, during the
142nd IOC Session in Paris just before the
2024 Summer Olympics in that city, Salt Lake City–Utah was selected to host the 2034 Winter Olympics and
Paralympics. IOC President
Thomas Bach said: "Salt Lake City and Utah are long-time friends of the Olympic Movement, and we are confident that they will organize exceptional Olympic and Paralympic Games, just as they did years ago. The legacy of 2002 is tangibly and passionately alive in Utah. The legacy of 2034 starts today." With the 2034 Winter Olympics, Salt Lake City will become the fourth city to host multiple Winter Games after Innsbruck (
1964 and
1976), Lake Placid (
1932 and
1980), and Cortina d'Ampezzo (
1956 and
2026). ==Concerns and controversies==