[getbak]

What is going on?

https://twitter.com/user/status/1057484572139565056

CALGARY, ALBERTA, October 30, 2018 – Calgary 2026 Bid Corporation (BidCo) announced tonight that an agreement has been reached between the Federal and Provincial Governments to consider a funding proposal that would provide their share of the public dollars needed to stage the 2026 Olympic and Paralympic Winter Games.

The agreement was signed this evening by both parties following discussions that have been on-going for a number of days.

• Deal means $4.4 billion into the local economy creating jobs, prosperity and growth
• $1 billion in wages for Calgarians, 15,400 jobs
• City of Calgary would need to invest $390 million
• For every dollar Calgary invests it gets $10 dollars in return

“This is a proposal that makes sense and is a good deal for Calgarians. I’m confident we and our government partners can agree to move forward and reach an agreement in principle,” said Scott Hutcheson, Board Chair, Calgary 2026 Bid Corporation (BidCo). “I know City Council understands how important this is to Calgary, that they know what’s at stake here, and that they will show their strong leadership and allow Calgarians to decide the outcome of the Olympic and Paralympic bid at a plebiscite November 13. These will be Canada’s Games, Calgary’s choice.”