Quote:
Originally Posted by Red
To me it's about the games. Sounds like we may have to pony up a bit in taxes, sure. But i am ok with that, because there will be tons of benefits. The infrastructure will be done at some point anyway surely it won't be free.
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Can you elaborate on the tons of benefits?
My issue with the bid is that the benefits are not worth the combined provincial and city dollars being put in.
We get a field house, an upgraded oval, a community rink, the 800 units of affordable housing, a renovated McMahon, and a renovated big 4.
For 1.4 billion dollars.
Then you have the economic side which isn’t 0 but isn’t 10:1 either. And if you only count money that is spent in calgary which wouldn’t have been otherwise spent it drops significantly.
Then you need to look at multipliers and government taxation recovery which is well beyond my expertise but what I can’t find is an economist that isn’t working directly for a bid committee touting the economic benefits of the Olympics.