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Originally Posted by Weitz
So when the Olympics ends up costing $6+ Billion and the city has to pick up the cost of the over runs, where do the cost savings come from?
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Quote:
Originally Posted by Muta
What will the cost overruns specifically be in? How much? People's taxes will be spent regardless of the Olympics. We have an opportunity to secure multiple levels of assisted funding for infrastructure in our city that otherwise we would not see. We also get to see our federal taxes returned directly to Calgary, instead of going to Ontario or Quebec.
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The costs overrun is the main boogyman argument against the Olympics. It's just as fair to say that there wouldn't be overrun, and it's on budget. We won't truly know unless it actually happens either way. But even if they games was to go over budget and the city has to pick up the costs, would Calgary overall still gained still from the higher level government funding, making it worth it for the city still?