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Re: Olympic sponsorship:

I sent that out as a more generic comment.

Richmond put forward suggestions of a number of funding sources for its Oval. That included sponsorship. No one knows if they have acquired any. If they had signed – up private sponsorship, then how much? What if the sponsor pulled out or went broke? I recall that they were looking for several million dollars in sponsorship to help pay for the $180 Million Oval. If they haven't, then how are they paying for it ? Is it digging deeper into City coffers ? Was the City blowing smoke to placate its own citizens ?

If say Coca Cola and other major sponsors is a sponsor for the 2010 games, does any money trickle down to the local venues ?

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The Olympics are sponsored by the provincial government, not the city, so all BC taxpayers would take the hit.

An exception is the Olympic village which the CoV got itself on the hook for. I think also Richmond is behind the skating oval there. But those are specific facilities, not the Games themselves.

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Yeah, our banks are safe as … umm ..houses…

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Very pessimistic

http://www.theglobeandmail.com/servlet/story/RTGA…

Ouch !!!

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Check out this one ( Johnston and Johnston )

http://sports.espn.go.com/oly/news/story?id=37091…

Question: If private sponsors bail… are the local taxpayers of the given Olympic City obligated to pick up the slack ?

I mean, we are talking anticipated or projected revenue streams from these sponsors to help pay for the given Olympics, aren't we ?

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"I’m not sure if this has been mentioned yet but 2 big sponsors of the 2010 olympics are GM Motors and Nortel Networks. It is quite possible that those 2 companies may not be around by the time olympics start."

That would be a good point if it were true. Nortel is listed as an "Official Supplier" which is the fourth of four tiers of sponsor, GM Canada is a "National Partner" which is the second tier so maybe GM Canada is a "Big" sponsor, but Nortel is not. It might mean a hit to the Olympics but it wouldn't be a big deal if both dropped out, they'd find someone else to fill in.

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