The SLOC's proposed budget for the 2002 Winter Games
has increased to $1.4B, which is $197M more than what was
budgeted when Salt Lake City was selected to host Games,
according to Mike Gorrell of the SALT LAKE TRIBUNE. But
despite the increase, Gorrell writes that SLOC senior
management and its consultants from Bechtel Corporation "won
over" SLOC trustees with the budget's "detailed description"
of what it will take to put on the Games and "where the
money will come from to pay for it." SLOC President Frank
Joklik projected that two-thirds of the extra revenue will
"come from corporate sponsorships, with ticket sales,
licensing royalties and television broadcast fees" making up
the rest. OPUS President John Krimsky said that he was
"optimistic about reaching a sponsorship goal that has been
increased" by $53M. Gorrell writes that IBM, whose Olympic
sponsorship will end in 2000, will be replaced by a
consortium of companies that is expected to account for
$122M in sponsorships. Those companies will handle SLOC's
information services system (SALT LAKE TRIBUNE, 9/25).
NO PUBLIC HELP: In UT, Lisa Riley Roche reports that
SLOC said that it can come up with the additional $200M
"without going to Utah taxpayers." Joklik said the budget
could not be reduced without having "an impact on the
success of the Games" (DESERET NEWS, 9/25).