Quote:
Originally Posted by nik-
CODA and VANOC broke even operationally. That's not the overall costs though. VANOC's stated revenue was 1.9 billion and a total GDP value of 2.6 billion. So they stated they were debt free. Actual total cost of those Olympics were estimated at over 6 billion.
Job creation is temporary, most of the workers at the Olympics are volunteers. Partially tax payer funded sounds nice, but is partially 80%? 90%? It's still a massive amount of tax dollars.
At 5+ billion just for the initial bid, there's no way this is thing ends up being a net positive if you want to break it down for value for dollar. You can argue your assigned intangible value to a community for infrastructure, that's valid, but the math is pretty clear.
|
Are you saying you would rather federal and provincial money go to something else other than the Olympics because I can assure you money not spent on the Olympics will definitely be spent on something else.
That money is already earmarked for Canadian events. If it’s not spent in Calgary it will be spent on something else like nicer fireworks for Canada day. The government won’t be using it to pay down debt and they most certainly won’t be reducing taxes if we choose not to have the games.
FYI volunteers don’t build arenas, ski jumps, lrt’s etc. The jobs are temporary and so is every construction job - example - ring road. What else is new?