Quote:
Originally Posted by chemgear
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? |
Yes, the report was from Oxford - correct. My point is using an average of all Olympics likely isn’t a good proxy. Building and operating in Canada is different than other countries such as Russia or even Italy. These data points are going back to the 70s and wary 80s which were completely different economic realities. In addition, Calgary’s whole bid was predicated on existing infrastructure which was supposed to reduce the risk of overruns.
I was just pointing out that some of the funding also came from private sectors which weren’t shown in figure 9 of what I provided. That’s further funding outside of the tax payer. They certainly wouldn’t cover overages.