Quote:
Originally Posted by Mr.Coffee
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.
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Budgets are not meant to be blown. Your quote is another case of false rhetoric and assumption.
The percentage overages you quoted can easily be found online, but in no way can be compared to the 2026 proposal. The 2026 bid is the first to be under the Agenda 2020. Please point out one of those examples where the vast majority of venues are reused, and where capital projects aren’t involved.
Comparing past games budgets to Calgary’s is just wrong. Have you reviewed the Calgary budget or just piling on? If you have read and reviewed it, as I have thoroughly, and still have the same opinion, I’ll withdraw my criticism.
If not, please become accurately informed before voting.