Quote:
Originally Posted by Frequitude
Thanks. I’ll dive in. I’m curious. Because the 10:1 concept seems a little absurd on a gut feel perspective. Almost as if it mistakenly assumed every employee, judge, contractor, etc would be a Calgarian. Like someone took the $5B budget and divided it by Calgary’s ~$500M contribution.
That would be such an amateur mistake if so. Because my gut says there’s somewhere closer to a 2-4x benefit when you factor in future sporting events at the venues but this noise completely drowns that out.
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It's not a mistake. It's a calculated choice to "show the calculation" in that manner to make you vote "OMG YES"!
If you were to truly believe a 10:1 return on investment, or even your 4 times return on investment - the entire world would be smashing your door down for that kind of return. You, I and every market in the world would be maxing out our credit cards to get that.
EDIT: And as mentioned in the CBC article:
Again, this $4.4-billion figure cited as a gain for the city is merely the cost of staging the Games. It's money the city won't be paying, but that doesn't make it all an economic gain for Calgary.