Quote:
Originally Posted by TheScorpion
Here's a fun fact.
https://en.wikipedia.org/wiki/VANOC
"On January 30, 2009, VANOC announced its updated budget for the 2010 games. The operating budget was set at CAN$1.76 billion, with a contingency of $77 million.[5] This reflected an increase of $130 million over the $1.63 billion operating budget announced in May 2007..."
Initial stated budget for Vancouver: $1.76 billion
Final cost for Vancouver: over $7 billion ( https://www.theglobeandmail.com/news...ticle15036916/)
Change: 398%
Initial stated budget for Calgary: $5.11 billion ( https://globalnews.ca/news/4649771/c...2026-olympics/)
Applying that change rate, the Calgary Olympics would cost $20.3 billion. That's obviously not and hard-and-fast way of looking at things but it's a damning indicator against a "model Olympics." |
CTV had John Furlong ranting and claiming Bidco had a "contingency bigger than anything he had ever seen". I guess it would not have mattered in Vancouver either.