CALGARY — Now that a new price tag has been put on a possible Calgary bid for the 2026 Olympic and Paralympic Games, a comparison to the most recent games in Canada is inevitable. The bid corporation Calgary 2026 has put forth a $5.2-billion draft hosting plan that asks for $3 billion in public money from the city, provincial and federal governments. “It’s really easy to add that into the Olympic bid, but it frankly isn’t fair. The Calgary Bid Exploration Committee estimated in June 2017 that $4.6 billion would be needed to host the 2026 Games. The Calgary 2026 draft hosting plan released earlier this week included $1.1 billion in contingency funds “to mitigate risk.”The 2014 Winter Games in Sochi, Russia, was said to cost $50 billion.

Source: National Post September 13, 2018 20:26 UTC