First, a history lesson, or reminder: In 1970, the IOC awarded the 1976 Winter Games to a vastly different Colorado. At first, there was mass celebration in a state with a population of 2.2 million. We finally hit the big time.
It only took a year for the Olympic party to end. On Nov. 7, 1971, state voters, by a 3-to-2 margin, rejected a $5 million bond issue required to fund the games. Colorado remains the only destination to ever hand back an Olympic bid to the IOC.