Quote:
Originally Posted by RM14
There are a majority of citizens who just see total dollars and scream NO NO NO...
Calgary should greatly benefit largely from community investments that would not have otherwise happened without the Olympics. If you are protecting Canadian taxpayers go for it. I don't mind sucking money from Federal and Provincial budgets for local benefit to Calgarians.
Vancouver for example:
http://www.theglobeandmail.com/news/...ticle15036916/ |
Article does not account for massive olympic village loss underwritten by the City of Vancouver to the tune of ~100 MILLION dollars.
It's all clever accounting. The city of Vancouver will never get back the opportunity to develop prime False Creek real estate like the athletes village ever again. A development that should have resulted in a net gain of hundreds of millions turned out to be a sinkhole because of olympic pressure.
Stronger democracies than Canada are running for the hills away from these massive wealth transfers. It would be very Canadian to be the last ones holding the bag.