Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - 2010 Games costs almost double the estimates

Hakan · 09-15-2006, 09:38 AM

Calgary's Olympics made money because the government gave CODA a financial backstop of unbudgeted costs and overruns. CODA was allowed to keep all sponsorship and gate receipts which is why they currently have an endowment of over $200 million.

09-15-2006, 09:38 AM	#11
Hakan Lifetime Suspension Join Date: Aug 2004 Location: do not want Exp:	Calgary's Olympics made money because the government gave CODA a financial backstop of unbudgeted costs and overruns. CODA was allowed to keep all sponsorship and gate receipts which is why they currently have an endowment of over $200 million.