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Originally Posted by afc wimbledon
Nice to see the Vancouver Games were quite well run
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Quote:
Originally Posted by Leondros
Sure - but Vancouver was cheaper. I wonder why that was given they had to build all new infrastructure. Now is that $3B overrun associated with operating or capital? Capital overruns would in theory have irregardless of it was the Olympics or not - that was simply the cost of what it is to build that infrastructure for the city.
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Indeed.
Interesting point about the Calgary Olympic bid that ties into that. Vancouver spent 5 times the amount they originally thought they would for security at just under $1 billion. Apparently average security costs for the Olympics are around $1.3 billion.
The Calgary Olympic bid budgeted less than $500 million. When confronted with the difference, they claimed that the federal government would "sign a guarantee" later and that the guarantee would somehow cover any overruns. The federal government immediately called bull#### and explicitly said no.
I mean are you lying, incompetent, blindly optimistic or all of the above?
https://www.cbc.ca/news/canada/calga...dget-1.4893885
Take what you will from that for the quality of their bid budget estimate numbers from there. I would suggest that there was a lot of hair and built in lowballing in their cost numbers.
EDIT: From the article:
Millar said the bid corporation anticipates the federal government will sign the security guarantee later this year, which would also cover any security cost overruns.
. . .
"Within our federal hosting policy, we are not responsible for cost overruns," Duncan said Friday.
"The number ($495 million) seems really low to me," said Heine.
"These are usually, typically, billion-dollar considerations to provide security, plus cyber-security, which is a new key arena for this debate," he said.
Heine is also uncomfortable with the suggestion that more volunteers and private security guards be used during the Games.
"That seems very implausible to me," he said.