I only want the games to go ahead if it the cost-benefit is positive for each of the country, province and city.
Government on the hook for $3b.
- subtract what city needs to spend on infrastructure anyways (0.5b-1b)
- subtract income tax collection on costs and multipliers (0.7-2b)
-subtract income tax from tourism and ticket sales ($0.1m)
Conclusion: It won't break even. So ioc needs to contribute about more until it looks fair. This is what fair looks like to me based on back of envelope net benefit calculations:
Province: $0.8
City: $0.5
Feds: $1.0
Ioc: $1.8
Tickets: $1.1
What's interesting in my back of envelope math of net benefit to province ($0.8b) is similar to what they offered ($0.7b). So they might have made their offer based on similar calculations.
Part of me hopes the world has no Olympics in 2026 so ioc is embarrassed and forces member countries to do major overhaul of the corrupt ioc and fifa.
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Quote:
Originally Posted by Paulie Walnuts
The fact Gullfoss is not banned for life on here is such an embarrassment. Just a joke.
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