Saturday, May 14, 2011

The Cost of the Games

The 2010 Winter Games in Vancouver, Canada were funded very heavily. Since 1994, no other Games have received as much funding (Fong). The total cost of these Winter Olympic Games was $6 billion (Spence). This money was needed to rebuild the city to prepare for the Games. New rinks, arenas, and other athletic facilities were built which totaled about $580 million (Fong). Another $1.02 billion was needed to build the main Athletes’ Village in Vancouver. This was a seventeen acre complex funded for the Games. $550 million was funded for this project (Cedrowski). The funds helped to improve the Sea-to -Sky highway that connected Vancouver to Whistler Mountain, and the new rapid transit line that ran from the airport to downtown. Another $40 million was spent on the opening and closing ceremonies. There were nine sponsors for these Winter Olympics that helped fund for all of these projects. Ottawa invested about $1.23 billion, while British Columbia invested $765 million (Fong). Even though the Games were expensive, it was necessary to prepare for this event. The outcome of the Games helped make up for the money spent preparing.
http://www.vancouversun.com/Sports/Olympics+bill+tops+billion/1207886/story.html

http://contractormag.com/images/2010-Vancouver-Convention-Centre-exterior.gif

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