Quote:
Originally Posted by Bunk
The sticker shock is high.
But the number needs to be broken down:
- How much revenue?
- How much provincial $?
- How much federal $? (would be nice to get more of our own tax $ back in our community)
- How much for infrastructure that would be attributed to the games, but would be needed without the games?
- How much for one time operating (security) versus long-lasting infrastructure?
That will be the most important aspect of understanding whether we should go for this or not. |
Looking at Vanoc as the example
The games broke even on operating cost at 1.8 billion or so. This did not include the federal security bill of 1 billion or provincial infrastructure investment of 900 million. This total of 4ish billion did include things like the Richmond fieldhouse and the sliding center in Whistler.
It did not include the convention center upgrade, the sky train upgrade, or the sea to sky highway upgrade which were somewhere in the 3 billion range.
So if you look at the Olympics they spent 4 billion to make 2 billion to get sports specific venues in Whistler and the Richmond Field House. And promoting tourism.
Then they spent 3 billion on other needed infrastructure.
Looking at the city report what do you feel in the list that the 4.6 billion covers is needed infrastructure? To me the key infrastructures items like Transit are excluded from that estimate.
https://www.google.ca/amp/s/www.cbc.ca/amp/1.2695994
http://www.cbc.ca/beta/news/canada/b...-925m-1.934931