Quote:
Originally Posted by stampsx2
Why I’m voting “YES!” to Calgary 2026
Federal government: $1.4 billion
Provincial government: $700 million
Games expected revenues: $2.2 billion
IOC contribution: $1.2 billion
That’s an over $5 billion dollar Olympic injection into Calgary. Money we won’t see if we don’t have the olympics. That comes with a big economic boost to our city. One we could use in our city since it isnt coming from oil.
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You're ignoring that it is NOT a $5 billion injection into Calgary since all the money will not be staying here. Wages and construction spending won't only be contained to Calgary workers and companies. Not to mention the work we will be funding in other cities
The guaranteed cost overruns aside (which we will be on the hook for), the Olympics will essentially become our major project for the next 8 years and severely limit any other infrastructure spending. The provincial contribution is essentially what would have been given to us over the next 7 years had the MSI not been cut, so that's kind of a wash.