NDP Tourism, Arts, Culture and Sport Minister Melanie Mark is expecting a mini business plan from the Canadian Olympic Committee .
The COC’s July 8-published financial estimates suggest the 2030 Winter Games would need more than $1 billion from taxpayers, including $299 million to $375 million to renovate or retrofit venues, $165 million to $267 million for Olympic villages, and $560 million to $583 million for security. The great unknown is essential services, such as waste collection, ambulances and paramedics, emergency planning, airports and border control.
The COC-released report said the venue estimates include up to 45% built-in for design, construction and other contingencies and inflation. The estimates for athletes’ villages in Whistler, Sun Peaks and Vancouver are proposed lump sum payments to developers for Games-time use. The Vancouver Olympic Village is proposed for the Jericho Lands, part-owned by the MST Development partnership of the Musqueam, Squamish and Tsleil-waututh.
On July 20, Vancouver city council rejected holding a bid plebiscite during the Oct. 15 civic election, but opted to carry on exploring a bid against 2002 host Salt Lake City and 1972 host Sapporo, Japan. The International Olympic Committee wants to decide by the end of May 2023 at its annual meeting in Mumbai.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.