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." |
Things like the Sea-to-Sky Highway and Canada Line weren't in the original budget. The Convention Centre expansion wasn't funded and chosen as the site for the media centre until after Vancouver was chosen as host.
We can only dream of such cost overruns.