Quote:
Originally Posted by Rhettzky
This is the issue I have with both sides of this debate. They are both full of so much hyperbole that it's hard to discern the facts.
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I don't disagree. But the numbers being pushed by the YES (no matter what) people are fundamentally wrong and misleading.
10:1 return on investment is wrong. It is a falsified financial number. And it is misleading for their benefit.
We as a city should have the proper numbers in front of us. Numbers that we should be confident of, not slapped together and clearly rigged at the last minute. Personally, I have little faith in the numbers that have been presented to us with this process and that is my biggest concern. It is also clearly a concern for the City as well.
####, if we can have the Olympics with a reasonable understanding of the risk of overruns and financial risks and benefits, I'd look at it like any reasonable adult.
But when you tell me that you think you have $20 million set aside for the "hope that you can find" $200 million in overrun insurance (that does not exist and likely has no reasonable chance in reality) and publicly tout that . . . come on man.
I cannot understand how this process has been this messy and offside. What would a Yes vote be based on? Hope that the presented numbers are sorta kinda maybe right? Prayers for the provincial and federal government to bail us out on overruns? Nostalgia of 1988 costs of living and running an Olympics?
If we presented this to a bank for investment,
we'd be maced, laughed out of the building and blacklisted.
