Governor Kathy Hochul is exploring a future bid for the Winter Olympics, a move that could bring significant economic benefits to Buffalo. The bid could also boost the city's reputation as a winter sports destination.
The exploration of a bid is still in its early stages, but Hochul has expressed enthusiasm for the idea, citing the city's existing winter sports infrastructure.
"We have a great opportunity to showcase our city and our state to the world," she said.
The bid process would involve a number of steps, including the formation of a bid committee and the development of a detailed proposal. The proposal would need to include information on the city's ability to host the games, including its venues, transportation infrastructure, and accommodations.
Buffalo has a rich history of hosting winter sports events, including the Labatt Blue Pond Hockey Tournament on Lake Erie. The city's Canalside district has also become a popular destination for ice skating and other winter activities.
If the bid is successful, it could have a major impact on the local economy, particularly in the Downtown area. South Buffalo homeowners could also see an increase in property values, while parents in the Buffalo district could benefit from improved sports facilities for their children.
The bid process is expected to take several years, with a decision expected in the mid-2020s. The next step will be the formation of a bid committee, which will be responsible for developing the proposal and lobbying for the city's bid.