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

Secret Olympic reports show how ill-fated bid evolved over time

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In June, the Calgary Bid Exploration Committee (CBEC) presented a rosy final report to council that It also assumed a .2 billion contribution from municipal and provincial governments , and that the The IOC is talking up the prospect of a Calgary bid , calling it an opportunity for Canada to build on its

And now, Calgary ' s nascent Olympic bid has finally lurched to an unceremonious end. Cities spend billions more than initially proposed to host a two-week party that leaves little long-term positive The lean bid model may work to counter the Olympic bid narrative, Livingstone says, but it may have

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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Calgary 2026 Bid Corporation CEO Mary Moran delivers a briefing discussing the technical elements of its plan for the 2026 Olympic and Paralympic Winter Hard to believe that Calgary hosted the Winter Games in 1988 for 9 million — until then the most ever spent on a Winter or Summer Olympics .

Calgary 2026 bid corporation' s media spokesperson said the group won't comment while negotiations with the government continue, but are encouraged Calgary Liberal MP Kent Hehr didn't confirm the report to CBC News but said the federal government is committed to the Olympics in Calgary — if

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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