Quote:
Originally Posted by GullFoss
A counciler asked the CFO what would happen if the bid went over budget by $4b. The CFO of Calgary replied that taxes would go up by 20% for 20 years.
That is point, match and game. The risks associated with cost over runs are too high.
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Sure, but you might as well ask what happens if they go over by $40B if we're just pulling numbers out of nowhere. This isn't Sochi where there were massive infrastructure projects tied to the Olympic budget. With the scale of the projects being included in the Calgary bid I don't see any risk of going $4B over. If the scale expands to include LRT expansions or high speed rail then maybe that risk exists, but it isn't part of the current bid.