Page 2/7Denver Olympic Bid Exploratory Committee Report
Olympic Operations and Facilities
This subcommittee established a baseline operational review of available sports facilities in the state based on relevant operational themes required for a Winter Olympics and Paralympics. It also assessedthe status of current transportation, safety and security, environmental, technological, and hospitalityoptions and determined the potential needs to host the Games.
Guaranty and Referendums
This subcommittee assessed how the City and State could meet the International Olympic Committee’shost city financial guaranty requirement to successfully bid for the Games.
ollowing a rigorous schedule of meetings and research, each subcommittee report was completed andhelped to inform the final decision of the Committee. The following are the key findings:
Colorado values fundamental principles of Olympism
The International Olympic Committee and United States Olympic Committee Charters defineOlympism as “a philosophy of life, exalting and combining in a balanced whole the qualities of body,will and mind. Blending sport with culture and education, Olympism seeks to create a way of life based on the joy of effort, the educational value of good example, social responsibility and respect for universal fundamental ethical principles.” The Committee finds that the culture, values, and principlesof the City of Denver and the State of Colorado meet this standard of excellence, and will assist in promoting this approach to life, sport, and community long after 2022. Further, the Committee believesthat Colorado’s objective of being the healthiest state in the nation and the principles of Olympism aresynchronous and thus mutually beneficial in meeting the goals of a great Winter Olympics and a greatstate.
There is a strong economic and community benet from the bid process and as a host city
There are clear long-term community and economic benefits for the city and state in both bidding for and hosting the 2022 Olympic and Paralympic Winter Games. These benefits result from designing a bid that complements long-term visions for Colorado and Denver as a healthy, vibrant, and innovativecommunity and how these long-term visions align with and support the Olympic Movement. If the bidis successful and Denver is chosen as the host city, the modern Games have proven to be a viable andfinancially successful enterprise, acting as an economic engine that is capable of not only producingfinancial profits but also producing significant overall economic benefits to the local, state, and nationalcommunities.It is the Committee’s opinion, however, that if the bid process and possible eventual hosting of theGames is not intrinsically tied to a comprehensive regional and state economic development plan,then there is a risk of not achieving the greatest economic and community benefits possible. If a bidcommittee is formed, it must pay close attention to the needs of the greater community and work carefully to integrate the steps necessary for a successful bid process to help meet those greater needs.Additionally, if a bid is not successful, there are still many positive outcomes for Denver and Coloradothat an international Olympic bid “platform” provides, including an accelerated timeline to realizecurrent needs like tourism promotion and attracting new private sector monies.
Denver and Colorado are able to meet all required IOC Guarantees
The International Olympic Committee requires that candidate host cities make a number of guaranteesin their respective bids to host the Games, and these guarantees will be required by any bid to host the