Northern Italy was chosen Monday as the site of the 2026 Winter Olympics, with hosting to be shared by the economic and fashion capital of Milan and the ski resort of Cortina d’Ampezzo, as the International Olympic Committee desperately tries to curb waning interest, spiraling costs and white elephant competition venues associated with the Games.

The Italian bid was chosen over the only other candidate, a dual bid between Stockholm and the ski resort of Are, Sweden, in a vote of 47-34 by I.O.C. delegates. Northern Italy had been expected to win, given that there was much broader public support there and a greater willingness by government officials to offer financial guarantees.