Penticton Herald

Olympic costs

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A quick look at estimated costs for Calgary and Canmore, Alta., to host the 2026 Winter Olympic and Paralympic Games, according to the bid corporatio­n Calgary 2026 revised host draft plan and Government of Canada figures. — Total estimated cost: $5.1 billion. — Public investment: Government of Canada, $1.45 billion; Province of Alberta, $700 million: City of Calgary $390 million, plus $150 million credit for previous financial commitment to improve a downtown district that would be a games hub; Town of Canmore, $3 million. —Private funding: $2.23 billion from games revenues, including a $1.2 billion contributi­on from the Internatio­nal Olympic Commitee in cash and services. — Contingenc­y funds to mitigate financial risk: $1.1 billion. — Financial guarantor against debt: None. — Security budget: $495 million. — New Calgary sports venues proposed: $403 million for a multi-purpose indoor fieldhouse and 5,000-seat arena. — 1988 venues reboot: $502 million to upgrade McMahon Stadium, Scotiabank Saddledome, Olympic Oval, WinSports sliding track and ski kill, Nakiska Ski Resport, Canmore Nordic Centre, BMO Centre and Big 4 buildings. — 2010 venues reboot: The ski jump used for the 2010 Winter Games in Whistler, B.C., is the proposed site for that sport and nordic combined in 2026. — Proposed ticket prices: 70 per cent of tickets priced at $150 or lower, 28 per cent priced at $42 or lower.

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