Source: Hosting Olympics in Calgary could threaten Canadian economy, report says – The Globe and Mail
This report confirms the findings of a report completed by Laura-Lee Dyck, a Director of Communities First Society of Alberta.
Dyck’s comprehensive review concluded that almost all academic analysis of Olympics Games revealed that economic benefits of the Games were marginal, if existing at all.
Estimates of benefits were exaggerated and costs under-estimated in order to get public support for Olympic bids.
A potential bid may not face a lot of competition. Quebec City and Boston dropped out last year. No other cities in North America are in the running, so Calgary could be a shoo-in. But at what cost?
Source: Calgary launches 2026 Olympic exploration bid website; million-dollar hosting plan underway
Other cities have dropped out, not because they don’t like sports, but because it costs money. Our tax money – billions of tax dollars.
And forget about the “legacy” facilities. The biggest “legacy” from the last Calgary Olympics was a rent-free, FREE NHL arena for the Flames. Really.
The biggest “legacy” from a 2016 Calgary Olympics would be another FREE NHL arena for the Flames.
CBC News has been given a look at the CalgaryNext briefing books given to city council members. They reveal the precise detail of the Flames’ owners plans for new sports facilities for professional athletes and Calgarians. They also show the 2026 winter Olympics are part of the plan.
Source: Secret briefing books link CalgaryNext and Olympics bid, despite official denials
Was there ever any doubt. Connecting a new new NHL hockey arena with an Olympic bid is the same tactic used in 1988 – bid for the Olympics and oh, by the way, we can use the Olympic arena for an NHL arena.
And those Olympics cost tax payers. The ONLY reason the ’88 Olympics didn’t “lose” money is because governments threw in millions of dollars.