Great re­sults for Sher­brooke’s Canada Games

Stanstead Journal - - FRONT PAGE - Staff, Sher­brooke

Ifthe Lord had spon­sored an eco­nomic ben­e­fits study of the Mir­a­cle of the mul­ti­pli­ca­tion of bread, our guess is that we would be still eat­ing some to­day, num­bers in these stud­ies be­ing al­most im­pos­si­ble to re­ally cal­cu­late. So we will take with a grain of salt the fi­nal num­ber of $165 mil­lion pre­sented on Mon­day at the fi­nal press con­fer­ence, Gen­eral Man­ager Luc Fournier be­ing be­wil­dered at the pre­ci­sion of some data pre­sented to the last dol­lar. It’s well known that the hos­pi­tal­ity sec­tor in Sher­brooke and in the re­gion was qui­etly com­plain­ing that the promised money did not show up to all. Na­tional res-

tau­rant chains got a huge boost while lo­cal and even Que­bec ones (“What’s Saint-Hu­bert?”) not get­ting all they ex­pected. The study car­ried out un­der the Cana­dian Sport Tourism Al­liance’s Sport Tourism Eco­nomic As­sess­ment Model (STEAM) in­di­cates that Sher­brooke 2013 distin­guished it­self ex­cep­tion­ally with to­tal ben­e­fits of $165.5 mil­lion for all of Que­bec, which largely sur­passes the aver­age of $100 mil­lion to $120 mil­lion from the last six edi­tions of the Canada Games. The eco­nomic ben­e­fits for Sher­brooke and the re­gion will have been $110.7 mil­lion. The di­rect, in­di­rect, and spinoff ef­fects will have helped cre­ate and/or main­tain 1111 full-time jobs, rep­re­sent­ing $53.5 mil­lion of pay­roll for Que­bec and $36.5 mil­lion for Sher­brooke. Con­sid­er­able tax in­come of $29.7 mil­lion was cre­ated, $13.4 mil­lion of which was re­turned to the cof­fers of the federal govern­ment, $12 mil­lion to the provin­cial govern­ment, and $3.8 mil­lion to the City of Sher­brooke.

So while these num­bers must be taken with the usual grain of salt, the tan­gi­ble ones are im­pres­sive. The pre­lim­i­nary fi­nan­cial state­ments at March 31, 2014, show a sur­plus likely in the or­der of $510 000 on a budget of $51.5 mil­lion. This is a con­ser­va­tive eval­u­a­tion that ac­counts for po­ten­tial bad debts, spon­sor­ships and do­na­tions re­ceiv­able, and re­main­ing ac­tiv­i­ties un­til full dis­so­lu­tion of the Host So­ci­ety.

The Deputy CEO, Plan­ning and Com­pe­ti­tions, and In­terim CEO, Michel Dus­sureault, said he was more than sat­is­fied with the re­sults. “This suc­cess is due to

strict fi­nan­cial con­trol and mon­i­tor­ing—and to the ef­forts and in­ge­nu­ity of the ser­vice man­age­ments and man­age­ment com­mit­tee in im­ple­ment­ing ef­fi­cient and less oner­ous lo­gis­ti­cal so­lu­tions.”

In terms of the Games’ fi­nan­cial legacy and ac­cord­ing to the wishes of the Board of Di­rec­tors as ex­pressed last De­cem­ber, all monies raised in do­na­tions from businesses and in­di­vid­u­als will be added to the $1 mil­lion al­ready ac­counted for in the op­er­at­ing budget. There­fore, the min­i­mum that will now be trans­ferred to the Canada Sum­mer Games 2013 Fund is $1.7 mil­lion, to which the budget sur­plus will now be added, as stip­u­lated in the legacy plan, likely in­creas­ing the Fund to over $2 mil­lion.

“I am es­pe­cially pleased that we were able to dou­ble the amount orig­i­nally fore­cast; this is a legacy that will have a pos­i­tive im­pact on the de­vel­op­ment of ath­letes of all ages for sev­eral decades,” said Games’ Pres­i­dent Monique F. Ler­oux.

Tom Allen, the real pres­i­dent of the Games, used what he knows best to present his team, foot­ball anal­ogy. Maybe catch­ing a wide pass was the best one to de­scribe the Games: they’re al­ways a gam­ble but when they suc­ceed they are game chang­ers; this was the case in Sher­brooke.

Photo Stanstead Jour­nal

Canada Games Counciil pres­i­dent and for­mer Olympian, Guy­laine Bernier, Des­jardins’ Pres­i­dent Monique F. Ler­oux, pres­i­dent of the Sher­brooke Games, Sher­brooke’s mayor, Bernard Sévi­gny who ac­knowl­edged the work done by his pre­de­ces­sor, Jean Per­reault, and Tom Allen, who was in charge daily as CEO.

Photo Stanstead Jour­nal

Deputy Gen­eral Man­ager of the Sher­brooke Canada Games,

Lynn Blouin, seen here at the press con­fer­ence on Mon­day, was thrilled with the fi­nal count.

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