The turning down free money argument seems a bit like the Nigerian Prince scam. All you have to do is spend millions of dollars and you will have access to a billion dollars! In this case you actually do get the billion dollars however it is all blown on a two week party.
If I still lived in Calgary I'd be voting no. I believe the economic benefits are overstated and without substantial infrastructure funding included there is very little to entice the average Calgarian. My dad will be voting no though and wow is he ever angry at Nenshi and the overall bid process.
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