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Originally Posted by Mr.Coffee
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Why is saying there will be a 40% cost overrun "conservative"? The Winter Games have been held in North America twice in last 17 years and neither came close to a 40% overrun.
The biggest contributor to cost-overruns is new construction. Like Vancouver 2010, the Calgary 2026 plan has a limited amount of new construction.
From your own link:
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So why is it so singularly difficult to deliver the Olympics within budget? As the report somewhat sarcastically summarizes: “If, perversely, one would want to make it as difficult as possible to deliver a megaproject to budget, then one would (1) make sure that those responsible for delivering the project had never delivered this type of project before, (2) place the project in a location that had never seen such a project and (3) enforce a non-transparent and corrupt bidding process that would encourage overbidding and place zero responsibility for costs with the entity that would decide who wins the bid. This, unfortunately, is a fairly accurate description of the playbook for the Olympic Games”.
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The first and second factors aren't issues for Calgary's 2026 bid since the people involved were involved with Vancouver 2010 and many other large-scale international events, and Calgary has successfully hosted the Olympics previously. The third factor depends on whether or not the IOC is truly sincere in changing the way they do things. That's a much-harder one to determine, but the reality is that if the IOC doesn't change the way they do things, they'll be killing themselves in the process.