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2002 Winter Olympics
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===University of Utah expansion=== The [[University of Utah]] was one of the hosts of the 2002 Winter Olympics; the planning committee approached the University of Utah and asked them to build several student dormitories which would serve as athletes' accommodation during the Games. It was agreed that the university would pay approximately $98 million out of the total required amount of $110 million to complete the construction. As a result, students of the university have benefited as almost 3,500 of them would be housed here after the Games. This was a great economic benefit to the university since the amount of money used to complete such dormitories could take long to be afforded. The university was also asked to expand [[Rice Eccles Stadium]] to accommodate 50,000 people up from 32,000. The university would then be refunded almost $59 million and be given an extra $40 million for its maintenance.<ref>{{cite web |url=https://www.nytimes.com/1997/11/09/realestate/the-2002-olympics-are-transforming-salt-lake-city.html |title=The 2002 Olympics Are Transforming Salt Lake City |work=The New York Times |last=Kopytoff |first=Verne |date=November 9, 1997 |access-date=February 19, 2022 |archive-date=February 20, 2022 |archive-url=https://web.archive.org/web/20220220035904/https://www.nytimes.com/1997/11/09/realestate/the-2002-olympics-are-transforming-salt-lake-city.html |url-status=live }}</ref> <!-- Deleted image removed: [[File: Rice Eccles Stadium Areial View.jpg|thumb| RES is also home to the University of Utah football team.]] --> The 2002 Olympic Games also benefited the university economically since the [[Salt Lake 2002 Olympic Cauldron Park]] was elevated by the renovations that took place. Ice rinks were very scarce in Utah, but they became plentiful and offered several entertainment and training opportunities for hockey players and figure skaters due to the Olympic Games. The Cauldron Park located at the University of Utah which was built with $6.5 million in profits and had the following features: a visitors' center which had a theater that showed a thrilling movie about the Olympic Games of 2002 and a "park" which had a dazzling pool and a V-shaped stone wall with the names of all the medalists of the 2002 Olympic Games. Besides, the park had 17 plates that hung on the stadium's fence celebrating the highlights of each day of the Olympics. All these features acted as tourist attraction that boosted the economic development of the university. In addition, it is indicated that the approximate value of media exposure through print during the Games was equated to $22.9 million. Mainly, this was a huge economic benefit to the university as more and more people got to know about the educational establishment, and this also boosted enrollment and future development.
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