Day: January 31, 2010

As Olympics near, people in Vancouver are dreading Games, from Sports Illustrated Online by columnist Dave Zirin:

The original cost estimate was $660 million in public money. It’s now at an admitted $6 billion and steadily climbing. An early economic impact statement was that the games could bring in $10 billion. Price Waterhouse Coopers just released their own study showing that the total economic impact will be more like $1 billion. In addition, the Olympic Village came in $100 million over budget and had to be bailed out by the city.

Security was estimated at $175 million and the final cost will exceed $1 billion. These budget overruns are coinciding with drastic cuts to city services. On my first day in town, the cover of the local paper blared cheery news about the Games on the top flap, while a headline announcing the imminent layoff off 800 teachers was much further down the page.