Quote:
Originally Posted by Ozy_Flame
And it breaks down to 50% from the feds, and the rest split between the City and the Province (probably down the middle).
Which would you rather have? Ottawa and Edmonton helping with the funding? Or just Calgary?
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Would prefer not hosting at all if the only necessary infrastructure for Calgary post Olympics to come out of this is a field house.
From your Globe and Mail Article:
"Changing costs are as much an Olympic staple as pin trading. Mr. Gauld insisted that every Olympics “since the 1960s has been more than 130 per cent over budget.”"
Better visual of the Estimated vs Final Olympic costs here:
https://www.cnbc.com/2018/02/15/sout...f-hosting.html
Bidding for an Olympics would have been great 8 years ago, accelerating and getting federal funding for legacy infrastructure projects in Calgary. Possibilities would have included new NHL arena, field house, green line LRT, Airport LRT, possible LRT to MRU, Airport International terminal upgrade, SW ring road, East Village development, possible West Village development, Crowchild Tr upgrades, etc.
At this point in time, the bid report is no good and it's really hard to justify hosting.