Quote:
Originally Posted by marsplasticeraser
It’s ironic to me how often I hear the complaint about losing out on federal transfer payments and it’s unfair.
here is a chance to get ~$1.5 billion back yet there is such strong opposition.
The fed money will be spent whether we take it or not. To base your argument that this money will be saved is erroneous. It will just be reallocated, most likely to a sporting event out east.
Where we see no advantage.
I look at what the city and province are putting in and it seems a no brainer to get the olympics for that.
But my family uses almost all the facilities involved and I know first hand how how much work needs to be done, as all facilities need Work.
Put another way, a big chunk of the capital spending will eventually have to spent anyways.
Ultimately, Not doing the olympics doesn’t remove the capital costs but it does remove $2.5 billion in funding we wouldn’t get otherwise.
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Your aware that the federal portion of funding is spent entirely on the operating budget for the games and is not contributing anything to legacy. So while it shouldn’t be considered a cost causing a tax increase it’s only value is whatever economic stimulus it provides. It does not provide anything beyond the two week window.