I’ve spoken a lot about the Olympic and Paralympic Games over the last months and years. But I haven’t really spoken about my point of view and how I intend to vote in the plebiscite.
Until now. I’ve made up my mind. I will vote Yes. And I hope you will as well.
As I’ve said from the very beginning, it’s not so much that I’m pro-Olympics (though I do love watching the Olympics), it’s that I am, as always, pro-Calgary and pro a good deal.
Now, the last couple of weeks have been no fun. I’m not sure anybody would have chosen the path we took to get here. But it was important for me to put all that in a drawer; to put aside emotions and to seriously consider the deal on the table. And what we have is an undeniably outstanding bid, and an incredible deal for Calgary.
What will it cost you? What do you get out of this?
This is a different kind of Olympics. It’s not Sochi or even Vancouver. It makes use of existing facilities and it is very lean. Of the total budget, about $2 billion comes from external sources like the International Olympic Committee, as well as the broadcast revenues, sponsorship and ticket sales. The government of Canada would provide just under $1.5 billion, the government of Alberta $700 million and the City of Calgary about $390 million.
So, yes, Calgary will receive about $4 billion in investment for under $400 million — a 10:1 return.
It’s important to remember that, while there is only one taxpayer, Calgary taxpayers have long sent far more in taxes we pay to Edmonton and Ottawa than we receive back in investments from those governments. Here’s a way of putting some of those tax dollars to work in Calgary.
Even if Calgary were …read more
Source:: Calgary Herald