Quote:
Originally Posted by Classic_Sniper
The 1988 Calgary Olympics posted a $140,000,000 profit. That's in 1988 money, today with inflation I'm sure the profits could be even higher; especially when you consider that our facilities still exist and are still
World Class.
The unique tourism that Calgary will gain from a new generation of people that otherwise wouldn't have visited Calgary if not for an Olympics makes this venture worth it in my eyes. Calgary already spends a fair bit on marketing tourists? The Olympics can be seen as one big marketing tool. Millions will be watching on television world wide and who knows, maybe the ones who do come to visit may fall in love with banff and lake lousie and etc and may make it an annual trip. Personally, I think the risk is worth it.
|
The Calgary olylympic organizing comitte posted a profit. This does not mean that the games brought in more money than was spent to bring the games here. As the 140 million dollar profit includes roughly half a billion in tax payer subsidies.