Quote:
Originally Posted by getbak
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:
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.
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I actually do think Vancouver went over 40%. The 2003 BC auditor report is future orientated values and in CAD.
Projected costs of the games were $2,892 mil and that's including the Sea to Sky highway upgrade. Actual costs from the post games report is $4,083 not including the Sea to Sky. So if that did come on budget it's closer to $4,683 actual vs $2,892 estimated.
pg 10:
http://cfss.sites.olt.ubc.ca/files/2...2013-10-23.pdf
pg 5:
https://www.bcauditor.com/sites/defa...r-games-an.pdf
