Kendrick Farris of the United States competes in the Mens 85kg Weightlifting on Day 7 of the London 2012 Olympic Games at ExCeL on August 3, 2012 in London, England. (credit: Laurence Griffiths/Getty Images)

Kendrick Farris of the United States competes in the weightlifting at the 2012 Summer Olympics on August 3, 2012 in London, England. (credit: Laurence Griffiths/Getty Images)

DALLAS (CBSDFW.COM) – The world is counting down to the 2014 Winter Olympics in Sochi — less than one year away — after closing the book on the 2012 Summer Olympics in London. But looking ahead, much further into the future, the City of Dallas is already planning to present a bid for the 2024 Summer Olympics.

Matt Wood is CEO of Dallas 2024, the group working with DFW leaders to promote the area’s benefits. According to plans, Fair Park would become the Olympic Village, where roughly 20,000 athletes would live during the games. The Trinity River Project would be used for many Olympic events. And while Dallas would take over the naming rights for the games, locations across North Texas would be used for other events, including Cowboys Stadium in Arlington.

The full collection of venues, Wood said, will hopefully put Dallas above other places vying to become a potential host city. “We’re further along than some other cities and we have more resources here than other cities may have ready to go,” he explained. “Just make it the easiest choice for them.”

The U.S. Olympic Committee is already talking to potential host cities about resources, infrastructure and even themes.

Also listed as requirements for possible host cities are 45,000 hotel rooms, space for 15,000 media members, a strong public transportation system, an international airport and a workforce of up to 200,000 people. A notice from the U.S. Olympic Committee explained that the event could cost $3 billion, not including costs associated with constructing any new venues or roadways. The project is being funded with private and public money.

New York previously submitted a bid for the 2012 Summer Olympics and Chicago submitted a bid for the 2016 Summer Olympics. Both cities failed to be chosen for the games, costing each around $10 million to take part in the selection process.

The U.S. Olympic Committee will decide which city gets to make a bid for the 2024 Summer Olympics in September 2015. Their selection will then be presented to the International Olympic Committee for consideration and a final decision on the host.

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