Council wouldn't be voting this way if they thought there was public demand. If they thought voting against the Olympics would cost them their jobs, they'd be voting the opposite.
That tells me that they've received much more negative feedback than positive. I'm both surprised and delighted that so many people recognize that the Olympics is a bad idea if we don't get a sweetheart deal (and there's nothing to indicate Nenshi or the IOC would give us favourable terms to host).
I guess there could be a longshot idea that this is all part of a bluff to see if the IOC will come begging, but I doubt it.
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