I would actually have to disagree with you on the chances being slim. I think the success of the 2002 games and the IOC stating that they wanted to bring the Winter Games back to SLC, is a huge feather in the SLC 2022 or 2026 hat.
As far is it relates to development I would anticipate 3 or 4 new towers in the 25-30+ range rising up in the city prior to the Olympics. I already anticipate 2, even if we don't bid. The convention hotel and the UPAC tower. If we do bid and are awarded the bid I would anticipate another office tower, simply due to the demand we are already seeing being even greater and possibly an additional hotel in the CBD.
We all know that the Rice Eccles will be expanding due to now being in the PAC 12, and I know that there are a couple of scenarios that have south endzone expasion taking it to 60k and 75k. If we do go forward with the bid I would antcipate the larger of the two versions.
Another potential, only if awarded the games would be more downtown housing. In 2002 new student housing was built to be used as athlete housing. The question that will be asked is, does the University need more housing, if not than it only makes sense that the Athlete Village would be somewhere in or near downtown. Maybe in the Grainery or Gateway District?
If the city were to grow in the same proportion for 2022 as it did for 2002, imagine the growth we will see.