VANCOUVER, British Columbia (AP)—Hosting a Olympic as well as Paralympic Games costVancouver only somewhat reduction than it takes to run a city itself for an entireyear.
A report going before a city legislature next week estimates a city spent$727.6 million upon infrastructure as well as operations to host a universe for a 27days of a games.
It recouped $174.5 million of it from a provincial as well as a federalgovernments, withdrawal a check of $553.1 million.
That doesn’t include a cost of receiving over a $1 billion Olympic athletesvillage plan after a primary banker balked.
“It is a lot of money,” city assemblyman Geoff Meggs said.
“It’s some-more than we consider some taxpayers will design to see, though upon a otherside there have been some very, very long-term as well as important legacies.”
The lion’s share of a losses were for infrastructure.
The city outlayed $73.6 million upon foe venues, together with $12.8 millionto modify a curling venue in to a village center with a pool.
An estimated $120.6 million was outlayed upon non-competition venues, such as anOlympic travel automobile demonstration line, highway repairs as well as a restoration oftheaters.
The biggest chunk was for county infrastructure during a Olympic village site.The city outlayed an estimated $299.1 million there, together with upon a waterfrontpark, a village center, a birthright facility as well as 252 units of amicable housingthat have been supposed to be part of a project.
The report is a initial time city officials have laid out a altogether costof a Games.
Meggs pronounced a haphazard nature of Olympic accounting in a past meansthere’s no way to know either Vancouver outlayed some-more or reduction than planned.
! “I f a bill had been developed during this level, perhaps electorate would havebeen excellent with it,” he said.
The city’s altogether operational bill for 2010 was $959 million, whichincluded a 2.26 percent tax hike as well as cuts opposite a board.
Games organizers’ final monetary documents won’t come until a fall. Theiroperational bill was $1.75 billion.
The sovereign government, whose share of a tab includes a $898 millionsecurity budget, is additionally still reviewing a numbers.
The provincial bill of $763 million is additionally being reviewed with updatesthat could come as early as a finish of a month.
As part of their budget, a province gave Vancouver $6 million to helpoffset some of their operational costs for a Games, such as increased demandfor rubbish pickup.
Overall, a city outlayed $61 million upon all from travel banners topolicing, as well as got about half of that back from alternative levels of government.
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