The Reno-Tahoe Winter Games Coalition said it would not be financially practical.
The action marks a major consequence for an organization that made repeated mistakes after the Larry Nassar scandal, but also leaves a void that could not easily be filled.
Probst leaves a complex legacy after 10 years as as chairman of the U.S. Olympic Committee, based in Colorado Springs.
Missy Franklin was the golden girl of the 2012 London Olympics. Four years later she lost every one of her individual races in Rio.
In June, he beat a 400-meter sprint record once held by Oscar Pistorius. Now he wants to run for his country in the 2020 Olympics. That road leads through CU Boulder.
The suits were filed by gymnasts McKayla Maroney, Jordyn Wieber and Aly Raisman, against the federation and others for their roles in concealing the Larry Nassar sex-abuse scandal.
She'll replace Scott Blackmun, who resigned earlier this year to deal with health issues that undercut his ability to deal with the sex-abuse crisis.
Colorado was awarded the 1976 Winter Olympics, but later said “no thanks” and the games went to Innsbruck, Austria, instead.
Colorado won the bid to host the 1976 Winter Olympics but then said, “no thanks.” Some folks want to try again. Meet the new opposition.
"There's many opportunities to make this a better state, and I don't see how the Olympics fit into that," said former Gov. Dick Lamm.