I say put a bid in, with the condition that Calgary not only gets the 2026 Olympics, but every Winter Olympics thereafter every 20 years (so 2046, 2066, 2086, etc).
The whole concept of "build it once and then walk away" is crazy. Rather, the Olympics should be held in 4 specific locations, each of which hosts on a rotating 20-year basis. For the Winter Olympics, have one in Calgary, one somewhere in Europe, one someone in Asia, and one in the US. For the Summer Olympics, have one in the US, one in Europe, one in Asia, and one in either Australia or South America.
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