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Mitt Romney tells Utah Senate SLOC has cut Olympic budget gap; asks for payment deferral, local cost help and volunteers
Summary
Mitt Romney told the Utah Senate that the Salt Lake Organizing Committee (SLOC) has cut its budget shortfall from about $375 million to under $100 million, announced new sponsorship revenue and asked the Legislature to allow a 60‑day deferral of a $58 million payment to match an NBC payment and to consider helping cover local services costs. He also requested volunteer support.
Mitt Romney, representing the Salt Lake Organizing Committee, briefed the Utah Senate on Feb. 7 on the financial status of the 2002 Winter Olympic Games and asked lawmakers for several narrow forms of assistance.
Romney told senators the organizing team re‑estimated the budget and found a deficit of about $375,000,000 when he took the post; through cost reductions, new sponsorships and other measures the shortfall has been reduced to “under $100,000,000” and “over $200,000,000 has been cut from our budget,” he said. He credited new sponsors and local corporate support for the progress, and said 16 new sponsors signed letters of intent in the eight months before the briefing.
Romney asked the…
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