Keeping security costs down is why the athlete's village will most-likely be built adjacent to the Stampede Grounds. Also why the Opening & Closing Ceremonies and medal ceremonies will be held at the Grandstand.
By having one large secure zone, rather than many small ones, security can be run more efficiently and cheaper.
This is what the report says about McMahon and why the Grandstand is preferred.
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Built in 1960, McMahon Stadium has a solid structure and seating capacity of 34,000. The cost for increasing capacity to 40,000 seats and bringing the stadium up to Olympic standards for the various ceremonies is estimated at $16 million (see Appendix 4] Detailed Venue Analysis: McMahon Stadium). While this cost is $9 million lower than the Grandstand improvement cost, these savings would be offset by higher security costs required at McMahon Stadium as a standalone venue. Furthermore, the Stampede Park cluster offers premium hosting facilities, as well as an opportunity to create a vibrant gathering place that will be affordable and accessible, featuring daily cultural events, sponsor activations and nightly victory ceremonies.
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This is the one part of the report to Council regarding the Athlete's Village that isn't redacted. This is what leads me to believe the proposal would see the Athlete's Village built where the bus barn is in Victoria Park (otherwise, there's no reason to mention it here).
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Accommodations (Villages and Accommodations)
Figure 5.5: Villages and Accommodations - Recommended Investments (page 190) shows a total Olympic capital budget estimate of $161 million. This amount represents the net contribution required from Olympic funding after the estimates of government- funded programs such as Attainable Homes Calgary, Calgary Housing Company, Community Housing, Seniors' Lodge Program, Canada-Alberta Social Housing, and developer and mortgage-financed amounts are subtracted from total costs of $1,156 million. Notably the amounts shown in Figure 5.5 do not include costs to relocate the Victoria Park Transit Centre, per the CMLC. The cost to relocate the Victoria Park Transit Centre is $238 million. In addition to the amounts of $161 million and $238 million, we have included a contingency amount of $60 million for a total accommodations cost of $459 million or $460 million when rounded to the nearest $5 million.
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