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Norway Won't Bid To Host 2018 Winter Olympics

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Norway Won't Bid To Host 2018 Winter Olympics

Business

Norway Won't Bid To Host 2018 Winter Olympics

Norway Won't Bid To Host 2018 Winter Olympics

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  • <iframe src="https://www.npr.org/player/embed/95889731/95889703" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Norway was planning to make a bid to host the 2018 Winter Olympics. It has dropped those plans, in part because of the economic crisis. After a government study raised the projected costs of hosting the Olympic games to nearly $5 billion — or double the initial estimate — Norway's Olympic Committee decided not to go ahead with a bid. Other cities still hoping to host the 2018 Olympics include Munich, Germany, and Reno-Tahoe, Nevada.

STEVE INSKEEP, host:

And today's last word in business comes from another place known for its winter athletic traditions, Norway. The country was planning to make a bid to host the 2018 Winter Olympics. But it has now dropped those plans in part because of the economic crisis. A government study raised the projected costs of hosting the Olympics to nearly $5 billion, that's double the initial estimate. And Norway's Olympic Committee decided not to go ahead with the bid. Other cities undaunted by the financial crisis, or maybe hoping it will be over by 2018, and still hoping to host the 2018 Olympics include Almaty, Kazakhstan, Munich, Germany and Reno-Tahoe, Nevada. And that's the business news on Morning Edition from NPR News. I am Steve Inskeep.

RENEE MONTAGNE, host:

And I am Renee Montagne.

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