In a week’s time, Sweden will learn whether it will host the 2026 Winter Olympics. But one big question surrounding the games is how the central host cities of Stockholm and Åre will pay for it.
The Swedish Olympic Committee has stressed funding will come from sponsorship and ticket sales – and not tax-payers. Per Palmström, the vice chairman for the committee, says the budget for the games is stable and safe.
The budget is SEK 13 billion with SEK 9 billion of it coming from the International Olympic Committee and ticket sales. Sponsorship deals from Swedish companies will raise an estimated SEK 2 billion.
The committee expects the Swedish games to break even. However Sweden’s proposed budget though has been criticised both by experts in Sweden and by the International Olympic Committee’s own analysis, which meant it was reworked.
Related stories from around the North:
Canada: 2022 Arctic Winter Games to be hosted in northern Alberta, CBC News
United States: Alaskan Pete Kaiser wins 2019 Iditarod dog sled race, Alaska Public Media