Province says it's not increasing it's contribution in spite of the Feds contribution.
Quote:
Ottawa has always seemed keener than the province on Calgary’s bid. This cabinet decision is clearly designed to show enthusiasm for the Games, while pressuring the other parties to step up.
The NDP says $700 million is the maximum it can possibly manage. Now, Ottawa is putting the Notley government in the position of appearing to kill the bid if it doesn’t come up with more.
An announcement is expected next week. By then, federal authorities hope, the parties will agree on a total number that works for Calgary’s bid.
But the provincial response was swift and negative on Friday.
“We don’t plan to increase or change the financial commitment we’ve made,” said Cheryl Oates, spokeswoman for Premier Rachel Notley.
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https://calgaryherald.com/news/polit...for-2026-games
So with the city's contribution expected to be roughly $500 million, that would make the federal contribution $1.2 billion, which still leaves a shortfall of $600 million on this Value Village bid they've made that we're supposed to believe is guaranteed to be on budget (lol). Assuming we apply Nenshi's "red line" of the province must spend more than the city and the city goes up to $699 million, that still leaves a $200 million shortfall. Will Nenshi cross his own "red line"? That would seem to be an admission it's a bad deal, but he still wants it. Gonna be interesting to see the math gymnastics and deceptions that will come the next two weeks to try and force this across the finish line.