Utah Olympic Park and other 2002 Olympic venues have always operated at a deficit, and now that deficit is increasing.
The Utah Olympic Legacy Foundation went before the Summit County Council for a routine renewal of the Utah Olympic Park’s contract Wednesday.
The nonprofit’s president and CEO, Colin Hilton, added a plea: Utah’s old Olympic venues need help.
“Financially, we’re struggling,” he said.
The foundation subsidizes the losses at its venues with its Legacy Fund, which Hilton said is valued at $46 million. However, economic pressures have drained the fund at a faster rate in recent years.
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This article is published through the Utah News Collaborative, a partnership of news organizations in Utah that aim to inform readers across the state.