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Old 09-26-2018, 11:50 AM   #898
zhulander
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Join Date: Oct 2007
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Quote:
Originally Posted by La Flames Fan View Post
The BidCo, at its heart, has nothing to do with Nenshi or Council. Yes, they need to approve the bid going forward if the people, in true democratic fashion, vote Yes on the Plebiscite on November 13th.

The BidCo contains business leaders, athletes, indigenous peoples, Federal representatives, Provincial representatives, Civic representatives, and Canadian Olympic/Para-Olympic representatives. Who is not part of the BidCo is Mayor Nenshi or anyone from Council.

Here's a detailed plan of the Bid - from the BidCo - the same plan that everyone is working from. There is no secret, evil, alternate plan.

https://static1.squarespace.com/stat...Web.Sept10.pdf

The cost of operating the Olympic and Paralympic Winter Games will be 91 per cent privately funded through revenue from the IOC, domestic sponsorship and ticket sales. The remaining 9 per cent ($218 million) is a contribution to the Paralympic Games, ensuring that the Paralympics are an aligned and inclusive event. There are also generous contingencies built into that funding to protect against overruns.

Here's the big thing about the Federal funding for sport which I found eye-opening: That money is earmarked for just that, sport. Whether it's used on the 2026 Calgary Olympic Games is not important - that funding will get used, somewhere, somehow. For instance, it could go to Montreal for sport, it could go to Toronto for sport. That money will be disbursed no matter if the Olympics come here or not. It's already earmarked.

I'm reading this all on the actual BidCo website (separate from the city) - not the media who have their own interesting agendas. I'm looking beyond the bias and agendas and sticking to the facts.

If you are actually looking beyond the bias reporting, look at pg 12 of the report, it literally says PUBLIC FUNDING OF GAMES OPERATIONS at $1.248 billion, FUNDING OF HOSTCO OPERATIONS $2.018 billion. Please explain how 91% of operating the games is through private funding?
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