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Stockholm drops Winter Games bid

AP

Stockholm dropped out of the race to host the 2022 Winter Games on Friday, becoming the latest city to reject an Olympic bid because of the financial costs.

The Swedish capital pulled the plug on its bid after the City Council refused to back the project.

“To organize Winter Games would mean a big investment in new sports facilities, for example for the bobsled and luge,” Regina Kevius, the mayor in charge of sports events, said. “There isn’t any need for that type of that kind of facility after an Olympics.”