Swiss voters reject 2022 Winter Olympics bid

AP

ZURICH (AP) — Voters in Switzerland have rejected a proposed bid to host the 2022 Winter Olympics at St. Moritz and Davos.

Bid organizers say the project is finished after residents of Graubuenden canton (state) voted Sunday not to approve funding.

Residents in both towns also held referendums Sunday, and "yes" votes were required in all three polls.

Bid officials say it's a "big disappointment" to lose the cantonal vote.

They failed to persuade residents that the project would invigorate tourism and the local economy.

Switzerland has not hosted the Olympics since the 1948 St. Moritz Winter Games.