Olympic Cost Overruns
Among the many good things that the 2010 Olympics are bringing to Vancouver it looks like we’ll soon be able to add $55 million more from the Federal Government. Lets Party!
Miraculously the olympics are “on budget and on schedule” despite cost overruns.
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June 23rd, 2006 at 1:08 pm
If house price keep going up, then so do property tax revenues. Problem solved!
June 22nd, 2006 at 9:17 am
These things are all going to be paid for by taxpayers and local residents. They just aren’t in the VANOC budget, though, so all is tickety-boo.
Well hooray for sound financial planning I say – I always figured the best way to budget is to have someone else pay for everything. Fortunately we’ll all be so wealthy from real-estate we’ll have no problem paying these bills.
June 22nd, 2006 at 6:58 am
It’s also all the stuff that ISNT in the VANOC budget, but is being paid for residents. If the MOT blows its budget on widening the Sea to Sky, and then will impose tolls on the twinned Port Mann, are those tolls an Olympic cost? If Richmond spends millions preparing the site for the skating oval, does that factor into how much is being spent on the Olympics? If there has to be an additional, perhaps, BILLION dollars in security arrangements implemented via the armed forces and various police forces, is that an Olympic cost?
Of course. These things are all going to be paid for by taxpayers and local residents. They just aren’t in the VANOC budget, though, so all is tickety-boo.