YES CALGARY!
$4.5 Billion. That’s how much free money Calgary will be missing out on if we don’t get the Olympics.
If we don’t have an Olympics our city will be missing out on:
$1.2 billion from the IOC
$1.8 billion from games revenues
$1.5 billion from the federal government
However organizers are counting on $2.23 billion from games revenues and sponsorships not $1.8 billion.
Sports Canada which is a jurisdiction of the federal government has money earmarked for events. Weather it’s the Olympics, Pan Am games, Commonwealth games or whatever, that money will get spent. If we don’t use it, some other province will. That money is already there.
People our taxes aren’t going to go down if we don’t have an Olympics.
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