SALT LAKE CITY - The Winter Olympics made $100 million, and the Salt Lake Organizing Committee is meeting to decide on how to spend the profits. <br>
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SLOC president Fraser Bullock revealed the final numbers Tuesday, and was to announce them formally at a meeting Wednesday. <br>
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The Utah Athletic Foundation stands to become the biggest beneficiary of the Olympic profits. The foundation was guaranteed at least $40 million from the games to run the Kearns speedskating oval and the Utah Olympic Park - Park City's venue for ski jumping, bobsled, luge and skeleton. Now the foundation could receive $76.5 million. <br>
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However, Olympic organizers want the foundation to take over a third Olympic venue, Soldier Hollow, where cross-country ski races were held. <br>
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Bullock also will propose two Olympic plazas, one for $3.6 million built around the Olympic cauldron at the University of Utah and a $6.6 million downtown plaza featuring the retractable Hoberman Arch used to award Olympic medals. <br>
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Organizers already have doled out $11.5 million in furniture, appliances and equipment to charities and Utah schools. They left $4 million worth of sports equipment at Olympic venues, and plan to donate $9 million in unused telecommunications and Xerox credits to the U.S. Olympic Committee. <br>
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The 1984 Summer Olympics at Los Angeles holds the record for turning profits of $225 million. <br>
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Last April, Salt Lake organizers announced a tentative $56 million profit, a figure they adjusted upward by $16 million on Tuesday after settling most of their accounts. Then, Bullock added other donations and gifts organizers made or plan to make, figuring total profits at $100 million.
