Calgary can feel more confident than Vancouver did for Olympic vote: Furlong

CALGARY The leap of faith Calgarians are asked to make about the 2026 Winter Games isn’t as big as the one Vancouverites navigated for 2010, says John Furlong.

Calgarians will go to the polls Nov. 13 to answer the question of whether they want to host the 2026 Games, as Vancouver did Feb. 22, 2003, for the 2010 Games.

Furlong, who co-led the 2010 bid and organizing committee, says not only does Calgary own previous experience hosting a Winter Olympics that Vancouver didn’t have, he envies the $1.1 billion in contingency funds in Calgary’s draft host plan.

“If you’d handed me that budget, I would have slipped out the back door and said ‘thank you very much. I’m on my way,”’ Furlong told The Canadian Press on Friday.

“I have never seen a budget that has this much contingency in it. I think that’s a direct learning from Vancouver.” The B.C. government was the guarantor against a financial deficit from the 2010 Games held in both in Vancouver and Whistler. The global financial crisis after Vancouver won the bid had VANOC, the organizing committee, scrambling to stay out of a debt position, Furlong said.

The 2010 Games were said to have broken even. While the cost of hosting those games was roughly $4 billion, the B.C.’s government’s spending on a rail line to the airport and a convention centre completed in time for the games brought the total to $7.7 billion.

No order of government — federal, provincial or municipal — has provided a financial guarantee yet against deficits for hosting the 2026 Games, which has been estimated to cost $5.1 billion.

The weighty contingency fund essentially provides that insurance, Furlong said.

But the organization No Calgary Olympics is not as confident in the Calgary bid corporation’s contingency figure.

“Frankly with the way the numbers have been moving around, and we’re seven years out from 2026, I have no assurance we have solid numbers and solid contingency to protect Calgarians,” Erin Waite said.

“I don’t know if 1.1 billion is enough and I would say they don’t know either.”