https://static1.squarespace.com/stat...Web.Sept10.pdf
Above is the link to the report. A pretty good read.
What does in cost to build 800 units of affordable housing? 300k per unit???? So that benefit should be added to the thins we need list so 200-300 million.
What’s really dumb is hosting ski jumping in whistler. It indicates in the report that the savings is only 50 million. If you are spending 3 billion why are you half assing it to save 50 million.
Contingency is well applied. 23% on venues. So that is reasonable given the class 3 and class 4 estimates so as long as scope doesn’t creep the estimate looks reasonable. One thing to note is that the dollars talked about today are all 2018 dollars so you need to inflate to 2026 dollars when evaluating if the games came in over budget 8 years from now.
I’m still a soft no though not an extreme no as I was before. This is a far better document than the 4.6 billion dollar initial report. If you go by the report you get 1.5 billion in infrastructure (of which I think 1 billion is necessary assuming a real arena comes out of this) for 1.5 billion (assumed) in provincial and city money. Still not a good decision as we are spending as Canada 1.5 billion for the party with only dubious economic benefits to show for it.