SALT LAKE CITY (AP) — Salt Lake City would be able to host the Winter Olympics again without losing money thanks to existing venues and the expertise of a team that put on the 2002 Winter Olympics in the city, an exploratory committee said Monday.

The budget estimate unveiled at the committee’s third meeting puts Utah one step closer to pursuing a bid for the 2030 Winter Olympics, while being open to the remote possibility of hosting the 2026 Olympic Games.

The committee — made up of elected officials, business leaders and people who worked on the 2002 Winter Olympics — will take a formal vote next month on whether to move forward with the bid.

The committee’s budget team estimated it would cost $1.29 billion to host another Winter Olympics. Estimated revenues of about $1.35 billion would leave a surplus, the committee said.

Those figures are in 2018 dollars and would go up with inflation, but committee said that the revenue surplus would hold. They don’t include security costs that would be covered by the U.S. government and spectator transportation, which in 2002 was paid for by federal and state governments.