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Old 04-18-2018, 10:30 AM   #476
Bring_Back_Shantz
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Originally Posted by Muta View Post
What counter examples though? Sochi? Rio? Athens? Those are government bodies with absolutely no fiscal responsibility and absolutely no vision in how to fund the Games / build these facilities for legacy purposes in a sustainable manner. They should never be used an an example of how to host an international event. Vancouver and Calgary hosted financially successful Olympic Games which benefited the communities they were held in.

Calgary going forward, in particular, does not need to build a brand new highway (on a difficult coastal terrain, no less), and does not need to build a completely new rail / underground train system. The most critical piece of civic infrastructure will be an LRT airport connector, and that's likely it (plus the Green Line, is already being funded outside of any Olympic funding). That cost will be less than what Vancouver spent. The link I provided had VANOC state they came out debt-free. Why can't Calgary do that?

Admittedly, one thing I would like the IOC to cover in the cost of security. That's one area of spending that they should be taking on the full risk.
As I added to my post VANOC came out debt free, but that's because various levels of Government pitched in >$300 million.
Just because VANOC broke even doesn't mean a whole lot of money wasn't given to them, by various levels of government, that wasn't spent on infrastructure projects.
Sure they got the major infrastructure built, but they spent an extra >$300 million to do it.
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