Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - 2026 Olympics- Calgary votes no- 56%

chemgear · 11-06-2018, 09:38 AM

From yesterday:

https://www.cbc.ca/news/canada/calga...sing-1.4889445

When Calgary's Olympic bid appeared to be on the verge of flaming out, the bid corporation made some last minute, late night adjustments — or more specifically cuts to its budget which eliminated 1,000 units from its original housing promise.

The bid corporation was unable to clarify the exact details of its revised, scaled-down plan.

The Community Housing Affordability Collective declined an interview request until it gets more details about the plan.

There are skeptics the bid corporation will not be able to deliver on its promises — even though the number has been cut to 1,800 units.

"Past experience suggests there's a high risk of it not happening," said Ron Kneebone, with the University of Calgary's school of public policy.

Kneebone has studied affordable housing and poverty issues for years. He said Olympic Games rarely stay on budget and once the cost overruns start adding up, affordable housing or other benefits for low-income earners are usually one of the first things to go.

"I understand the city is going to be on the hook for those cost overruns and they're going to have to make a decision, where are we going to have to cut back," he said.

Organizers of the Vancouver 2010 Winter Games promised to build 252 affordable housing units as part of its Olympic village in the southeast False Creek area, but delivered half of that amount.

The athletes' village, which has been moved out of the Rivers District near Stampede Park, was expected to be a mix of market and non-market housing post-Games.

A new location hasn't been revealed.

"We'll be happy to share that publicly once it's confirmed," said Beck.

11-06-2018, 09:38 AM	#43
chemgear Franchise Player Join Date: Feb 2010 Exp:	From yesterday: https://www.cbc.ca/news/canada/calga...sing-1.4889445 When Calgary's Olympic bid appeared to be on the verge of flaming out, the bid corporation made some last minute, late night adjustments — or more specifically cuts to its budget which eliminated 1,000 units from its original housing promise. The bid corporation was unable to clarify the exact details of its revised, scaled-down plan. The Community Housing Affordability Collective declined an interview request until it gets more details about the plan. There are skeptics the bid corporation will not be able to deliver on its promises — even though the number has been cut to 1,800 units. "Past experience suggests there's a high risk of it not happening," said Ron Kneebone, with the University of Calgary's school of public policy. Kneebone has studied affordable housing and poverty issues for years. He said Olympic Games rarely stay on budget and once the cost overruns start adding up, affordable housing or other benefits for low-income earners are usually one of the first things to go. "I understand the city is going to be on the hook for those cost overruns and they're going to have to make a decision, where are we going to have to cut back," he said. Organizers of the Vancouver 2010 Winter Games promised to build 252 affordable housing units as part of its Olympic village in the southeast False Creek area, but delivered half of that amount. The athletes' village, which has been moved out of the Rivers District near Stampede Park, was expected to be a mix of market and non-market housing post-Games. A new location hasn't been revealed. "We'll be happy to share that publicly once it's confirmed," said Beck.