Quote:
Originally Posted by DiracSpike
I'm assuming the 5% is their share of the Federal money that would fund the Olympics? It still doesn't move the needle for me, they'd be paying that money to the Government no matter what so it's really a sunk cost for them. We as a Province and City would be bearing most of the costs if this goes through, paying a lot extra for BC to get a decent amount of spinoff benefits.
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Correct, and yes I was just putting the number out there to point out that whatever benefit BC (or elsewhere) receives is not 100% free since all Canadians would be ponying up for this.
And by that token Calgarians would be on the hook for more than just 1/3 of the cost (assuming a 1/3 - 1/3 - 1/3) Municipal-Provincial-Federal split, and I am guessing that is how it breaks down. So really a Calgary taxpayer would be responsible for 1/3 (Municipal) + 0.25(1/3) (Provincial) + 0.03 (1/3) Federal= 42% of the total cost if you ballpark it.