Calgary city council will decide Wednesday whether a last-minute revamping of financial terms is enough to save a potential bid for the 2026 Winter Olympic and Paralympic Games.
A bid seemed destined for the dust bin after TuesdayB次元官网网址檚 meeting of the cityB次元官网网址檚 Olympic assessment committee.
Coun. Evan Woolley, who chaired the committee, brought forth motions to kill the bid and cancel a Nov. 13 plebiscite asking Calgarians if they want the Games or not.
Those motions were referred to WednesdayB次元官网网址檚 council meeting.
He said the provincial and federal governments and the city could not come to a cost-sharing agreement on the $3-billion public investment asked for by the bid corporation Calgary 2026, which had estimated the total cost of hosting the games at $5.2 billion.
B次元官网网址淭he gap is too large,B次元官网网址� Woolley said.
But Calgary 2026 announced Tuesday night that an agreement was reached between the federal and provincial governments to consider a new funding proposal.
The public investment required was reduced by $125 million to $2.875 billion.
Under the revamped terms, the Alberta governmentB次元官网网址檚 commitment of $700 million would remain the same.
The Canadian governmentB次元官网网址檚 contribution would be $1.453 billion in 2018 dollars, not the $1.75 billion in 2026 dollars the feds had offered.
The remainder would be covered by the city in a breakdown that includes $370 million in cash, plus another $20 million to cover a premium on a $200-million insurance policy against cost over-runs, for a total of $390 million.
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The cityB次元官网网址檚 previous commitment to spend $150 million on improvements in the Victoria Park and Stampede Park area B次元官网网址� the site of the proposed athletesB次元官网网址� village and potentially a new NHL arena B次元官网网址� was also included in the cityB次元官网网址檚 2026 contribution.
B次元官网网址淭his is a proposal that makes sense and is a good deal for Calgarians,B次元官网网址� Calgary 2026 board chair Scott Hutcheson said in a statement. B次元官网网址淚B次元官网网址檓 confident we and our government partners can agree to move forward and reach an agreement in principle.
B次元官网网址淚 know city council understands how important this is to Calgary, that they know whatB次元官网网址檚 at stake here, and that they will show their strong leadership and allow Calgarians to decide the outcome of the Olympic and Paralympic bid at a plebiscite November 13.
B次元官网网址淭hese will be CanadaB次元官网网址檚 games, CalgaryB次元官网网址檚 choice.B次元官网网址�
Calgary 2026 was organizing a pro-Olympic rally to be held in front of city hall Wednesday morning.
Advance voting for the plebiscite is scheduled for Monday and Tuesday.
Mayor Naheed Nenshi wasnB次元官网网址檛 ready to call CalgaryB次元官网网址檚 bid for 2026 dead Tuesday.
B次元官网网址淚f you know me, you know I am a Canadian football fan and in the CFL you often get that last field goal in the very last second going through the uprights,B次元官网网址� the mayor said after the committee meeting.
B次元官网网址淲hat council has to do B次元官网网址� is determine whether thereB次元官网网址檚 enough there for Calgarians to vote on two weeks from today, or if they feel that the clock has in fact run out without the field goal.B次元官网网址�
Neshi was not immediately available for comment Tuesday night.
Calgary was the host city of the 1988 Winter Olympics. The venues still used for international and domestic competition and training are the foundation of a second bid.
Calgary 2026 estimated $502 million would be required to get those venues Olympic-ready again.
Calgary 2026 chief executive officer Mary Moran predicted hosting the Games again would bring $4.4 billion into the local economy.
The bid corporation says it has built $1.1 billion in capital and operational contingency funds into its draft host plan.
The International Olympic Committee has committed $1.2 billion in cash and services to the 2026 host city.
Donna Spencer, The Canadian Press
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