Al­berta says it would front $700M for Cal­gary Olympics

The Standard (St. Catharines) - - Sports -

CAL­GARY — The Al­berta gov­ern­ment says it will pick up $700 mil­lion of the tab if Cal­gary were to hold the 2026 Win­ter Olympics in Cal­gary.

The province says the money is con­tin­gent on a ma­jor­ity of vot­ers sup­port­ing the bid in an up­com­ing plebiscite and in­creased trans­parency in the or­ga­niz­ing process. A draft plan for Cal­gary to po­ten­tially host the 2026 Games pegs the cost at $5.2 bil­lion. It sug­gests the city, provin­cial and fed­eral gov­ern­ments should con­tribute $3 bil­lion of that. The re­main­der would be paid by Games rev­enue.

In a let­ter to the city, the province says it would not be able to cover any cost over­runs or rev­enue short­falls.

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