Sports: Governments spent $17.7M on Calgary's scrapped Olympic bid: report - - PressFrom - Canada
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SportsGovernments spent $17.7M on Calgary's scrapped Olympic bid: report

07:13  13 june  2019
07:13  13 june  2019 Source:   cbc.ca

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Governments spent a total of $ 17 . 7 million on Calgary ' s scrapped bid for the 2026 Winter Olympics , according to the city's final report on the project. Initially, million has been committed, with roughly a third coming from each level of government . But the exploration was cancelled after Calgarians

Governments spent a total of $ 17 . 7 million on Calgary ' s scrapped bid for the 2026 Winter Olympics , according to the city's final report on the project. Initially, million has been committed, with roughly a third coming from each level of government . But the exploration was cancelled after Calgarians

Governments spent $17.7M on Calgary's scrapped Olympic bid: report© Jeff McIntosh/The Canadian Press Calgary's released a report on how much was spent on the city's ultimately abandoned Olympic bid.

Governments spent a total of $17.7 million on Calgary's scrapped bid for the 2026 Winter Olympics, according to the city's final report on the project.

Initially, $30 million has been committed, with roughly a third coming from each level of government.

But the exploration was cancelled after Calgarians voted against it during a November 2018 plebiscite vote — which cost $2.2 million, $2 million from the province and the rest from the city, according to the report which is set to be presented to city council on Monday.

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A total of $ 17 . 7 million was spent to explore whether or not Calgary should bid for the 2026 Winter Olympics , according to the city' s final report on the project. Initially, million has been committed, with roughly a third coming from each level of government .

One unresolved mystery of Calgary ' s scrapped Olympic bid is where organizers wanted to hold the curling events. A June 2018 report to city council reveals that another municipality was being considered for curling but had not been determined. Later in the report , it notes that when it comes to

Calgarians voted 56.4 per cent against hosting the Games.

The city spent roughly half of what it had budgeted for bid exploration and development.

Here's how the total costs break down:

  • $4.4 million from Ottawa.
  • $4.2 million from Alberta.
  • $4 million from Calgary, with the city spending an additional $2.7 million on the secretariat, as well as the aforementioned plebiscite costs.

A total of $400,000 from Calgary 2026 will be held in a trust for eight years to address any unforeseen liabilities, and then returned to the different levels of government if it's not needed.

It's also not yet clear what will be done with the leftover money.

The report says a total of $3.6 million in excess funds that were advanced for the project were returned on May 31. The city received $421,000 back, the province $2.8 million, and the federal government $445,000.

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IOC to change process of Olympic bid races, host elections.
LAUSANNE, Switzerland — Olympics hosted in multiple cities or countries. Bidders pro-actively invited. Candidates recommended with possibly no opponents. Radical changes in how and when Olympic hosts are picked were voted in Wednesday as the International Olympic Committee looks to avoid negative headlines and angering local taxpayers following referendum losses and excessive spending on white elephant venues. Stung by recent public votes in Europe and Canada, the IOC agreed that future bidders could need to win a referendum before entering a race.

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