The Legacy Fund loses $4 million every year.
Utah Olympic Park and other 2002 Olympic Games venues have always had a deficit, and the deficit is increasing.
The Utah Olympic Legacy Foundation filed Wednesday with Summit County Council for a routine contract extension for Utah Olympic Park.
The nonprofit’s President and CEO, Colin Hilton, added an appeal: Utah’s legacy Olympic venues need help.
“Financially we have problems,” he said.
The foundation subsidizes losses at its venues with its Legacy Fund, which Hilton says is worth $46 million. However, economic pressures have depleted the fund at a faster rate in recent years.
Read more at kpcw.org.
This article is published by the Utah News Collaborative, a partnership of Utah news organizations whose goal is to educate readers across the state.