Quote:
Originally Posted by JBR
TRUE budget? Details please. That argument is getting old for me.
Voting YES.
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https://howmuch.net/articles/olympic-costs
Cost overruns by %.
France 181%
Canada 720%
US 324%
Canada 65%
France 137%
Spain 266%
Norway 277%
US 151%
Japan 56%
Australia 90%
US 24%
Greece 49%
Italy 80%
China 2%
Canada 13%
UK 76%
Russia 289%
Brazil 51%
So conservatively let's say 40% overrun. Games will run us ~$7B-$10B. Who is paying for that? Province said no. Was it clear the Feds would be in with us for overruns? That wasn't clear was it?
Right now we're at ~$3B with all governments announcing what they'll contribute. How do you think we get another $4B? And if what everybody wants is a new hockey rink, why not just spend $500MM on a new rink and call it a day?
Oh right... "prestige" and "world class city" or some other total bs nobody actually cares about.
edit: and I should add that by the looks of it, cost overruns are a certainty. Budgets for the Olympics are meant to be blown.