Olympic Winter Games 2038 in Switzerland? Private deficit guarantee is meant to pave the way
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Switzerland could host the Olympic Winter Games in 2038. This is what the Swiss broadcaster SRF reports. An important factor is a deficit guarantee financed by private parties.
A deficit guarantee is a kind of safety net. It is meant to ensure that costs are covered if the Games cost more than they bring in. With the Olympics in particular, this risk is often high, because spending on sports venues, infrastructure and organisation can be very large. Through private financing, the guarantee is not to be borne by the state alone.
The idea of hosting the Olympic Winter Games in Switzerland has not yet been decided, however. The proposal does show, though, that the topic is gaining importance among the public and in politics. In the coming years it will become clear whether the plans take concrete shape.
For the people of Switzerland, such a major event would bring significant changes, for example in transport, construction projects and tourism. What these changes could look like is still open. What is clear is that the decision on a possible bid will raise many questions.
Sources: SRF
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