A group trying to bring the 2012 Olympics to the San Francisco Bay Area now has a sports endowment plan totaling $170 million.
The endowment known as Legacy 2012 would give each US Summer Olympic sport´s governing body $5 million for training top athletes. Money also would fund the Paralympics and Bay Area youth sports camps.
Staff on the Bay Area Sports Organizing Committee say funding would come from a revenue surplus if the Bay Area hosted the games. Los Angeles made a similar proposal when it bided to host the 1984 Olympics.
Retired track superstar Michael Johnson spoke for the group at a press conference today.
The Bay Area is competing against New York, Houston and Washington D.C. for the US Olympic Committee´s nomination as the US bid city for 2012.
A decision will be made by November 2nd.