Smart, them Norwegians

Apparently the Norwegians ran the numbers on actually doing the 2018 Games and passed:

Norway has dropped plans to bid for the 2018 Winter Olympics after new estimates doubled the projected cost of hosting the Games in the Arctic city of Tromsoe. "It was a difficult decision," Tove Paule, president of the Norwegian Olympic and Paralympic Committee and Confederation of Sports, said Monday. Last week, a government-commissioned study estimated that the cost of hosting the 2018 Games would be about 29 billion kroner, or nearly double the figure used by the Tromsoe organizing committee.
In March 2007, the Olympic committee picked Tromsoe, about 400 kilometres north of the Arctic Circle, as Norway's 2018 candidate city over the central Norwegian city of Trondheim and the capital Oslo, which hosted the 1952 Winter Games. However, before Norway could formally bid for the Games it would have needed economic guarantees from the Norwegian government and parliament. The Olympic committee said it voted 9-3 Monday to withdraw its request for guarantees because the Games would cost too much. It also said there would be no Norwegian application from other cities to host the 2018 Games.
Among other cities around that world that have announced bids or interest in 2018 are Almaty, Kazakhstan; Pyeongchang, South Korea; Munich, Germany; and Reno-Tahoe, Nevada. France is considering a bid from either Grenoble, Nice, or Annecy.
The International Olympic Committee will choose the 2018 host city in 2011.

Rico says Tahoe would be nice, and they've done it before. Kazakhstan? Not a good idea, nor is South Korea...