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Old 11-09-2018, 05:57 PM   #482
Mr.Coffee
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Quote:
Originally Posted by stampsx2 View Post
I’m hearing arguements on the no side:

- I don’t want my property taxes going up.
Yet at the cbc townhall they said they would go up 1.5% which is $25/year and that’s only if other sources of funding don’t cover it

- Edmonton’s getting our games.
Ummm no they’re not getting any of our games. Whistler is getting ski jumping and cross country which i’m fine with to reduce our expenses. If there’s a world class site close by let’s use it. It’s 155 athletes out of 5000. Southern Alberta may get curling. I’m fine with that.

- Nenshi and council is corrupt and so is the IOC.
Ok maybe they are but i’m not going to let an economic driver pass us by because of it. Our city could use an economic boost since it isn’t coming from oil anytime soon. The IOC is trying to change their image with community involvement and community sense. They have to start somewhere.

- too much risk of cost over runs. Look at Japan.
We’re not Japan, we don’t do things like Japan and we’re hosting a winter olympics not a summer olympics. Winter olympics are smaller.
We also have 85% of the venues already built. Not as much risk to cost overruns when it’s already built.
Let’s see...

- if you think property taxes are set to rise $25 I have a bridge to sell you. Come on man...Jesus Christ

- agree it’s clear Edmonton is not a part of this and that is good!

- I don’t think Nenshi is “corrupt” but I think he’s highly personally motivated. It’s a big risk to take being the first “change of face” host location for the IOC so yeah I think it’s completely fair and rational to be skeptical of that

- the Japanese are actually a whole hell of a lot more conservative than we are culturally from my understanding but notwithstanding that I agree it’s no guarantee we see massive cost overruns but if you don’t think there is significant risk here I would argue you’re viewing this with emotion and not being objective about it

I’m closer to a yes but still an absolute and unequivocal NO vote. I think if Calgary wants to do this we should see how things go for our economy over the next few years and try again in 2034 or 2038 if things turn around at all. But right now with capital programs massively being slashed, capital investment in E&P oil and gas in Canada 2018 being 1.9B vs prior years 2018 19 B or 20B year before kinda thing... the junior sector in oil and gas has been absolutely unfunded and demolished. What you’ll see, is our economy over the next 2-4 years getting murdered as capital flight continues and production reduces. We are in for a very, very bleak economic near term future so to run around hosting a party strikes me as insanely irresponsible.

Calgary is in some serious, serious trouble in the short term. Oil is $18/bbl today. Gas is terrible. NGL’s are in trouble on futures. People can’t justify drilling. Oil and gas is the breadbasket of this city. We are in massive trouble and we are going to host a party?

Last edited by Mr.Coffee; 11-09-2018 at 06:00 PM.
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