Quote:
Originally Posted by Leondros
Your assumptions are too simplistic. Part of the budget was $2.2B in private funding made up of the IOC contribution, ticketing, sponsorship and licensing. Not on the tax payer at all.
In addition, I looked at your source for the 142% and would like to point out it is highly skewed by the data point for Sochi at 289%. If I look at just the Canadian Olympic overages I get 39% (Vancouver at 13% and Calgary at 65%) which I argue are better proxies for the way our country does construction and sets contracts.
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The study from the University of Oxford?
https://towardsdatascience.com/how-b...s-46e803cbf7d5
Yeah, if you don't like Sochi and exclude the data point the average goes from 142% to 128%
Not sure I understand - if there overruns who is paying for them. We already knew the federal government would not. You're saying the IOC and private entities would pay for it?