Calgary checks many 2026 boxes says International Olympic Committee executive says

An International Olympic Committee executive says that the upcoming Winter Olympic Games, scheduled to take place in Calgary, are low risk for Calgary. The executive says it would be premature to announce the actual cost of hosting the games. We are awaiting the price tag to decide soon. He says the detailed costs are not expected to be announced by the committee before September. We will secure the public interest and will take every measure to safeguard the public interest in this regard. The International Olympic Committee executive Christophe Dubi answered questions from the business community of Calgary at a chamber of commerce event.

He added that it is very unrealistic to demand the financial details of the hosting of games in Calgary. He says that the government is still trying its best to estimate the number of people who will be hosted in the games. He acknowledged that while considering the extent and range of such a project, people should know all the details at once. And that information should be provided to the citizen at the initial stage. But unfortunately, we are unable to provide the exact details and numbers because there is a lot of work that is currently being done, including the bidco, and the local government is doing its best to have all the right numbers and right assumptions about the hosting of games. And this process will certainly take much time, and you will need to wait for it for some time.

Last time, Calgary hosted the Winter Olympic Games in 1988 and was held in nearby Canmore, Alta. In this current scenario, the communities have yet to issue the bidding for the 2012 Winter Olympic and Paralympic Games. However, there are some rough estimates about the cost of hosting the Olympic Games that will reach $4.6 billion. The game's revenue will cover nearly half the cost. In addition to this revenue, the IOC has also committed to giving the successful 20126 host city the US$925 million in cash and providing services at very low costs. 

If we compare the cost of other Olympic Games expenditure, the Winter Olympic Games 2010 in Vancouver and Whistler cost about $8 billion. All aspects of the games' hosting will be taken into consideration in the cost estimate, says an executive of the IOC. There is a great need to have the required numbers before us for doing proper planning, and we have no serious issues regarding the timelines. 

Whatever the deal is, it will be made, and it will involve a lot of our estimates and securing public interests. If we don’t get a safe and secure deal, we will not make such a deal, he assured. The deadline for the bid issuance is January 2019.

The vote on the host city will be done through voting by IOC members in 2019. The hosting of the Olympic Games is not an easy task. They are riskier projects. It is riskier than managing and taking responsibility for the nuclear power plant. The chamber of commerce has yet to make a decision on the issuance of the bid in 2019. 

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