Quote:
Originally Posted by stampsx2
In 2010 who covered the $1 billion security costs for the g20 summit. Were cost overruns suppose to be handled by Toronto?
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What's your point? That the federal government is lying when they say they aren't paying for overruns and that BidCo knows more than the federal government when it comes to who will eventually pay for the overruns?
These are the same people who claimed to have an iron clad security budget because they spent so much time on it, then managed to find tens of millions of fat in that same estimate at the last second to keep the bid alive and are now saying that there will be overruns and the federal government will cover them, despite the federal government saying otherwise. Anyone who looks at that chain of events and thinks BidCo has any clue about what they are doing and have been open and honest is a fool.
It looks like the final G7 numbers aren't out, but the G8/G20 bill was about $700mm for security. Even comparing to Vacouver's security costs, it's clear that BidCo has grossly under budgeted in order to sell the bid and banked on a bailout that will never come