* Says spending will benefit city for years to come
* Most of C$554 million went to collateral projects
VANCOUVER, April 15 (Reuters) - The city of Vancouver spentmore than C$554 million ($554 million) as host of this year’sWinter Olympics, much of it associated to building a athletesvillage, according to papers expelled upon Thursday.
A inform shielded a spending since more than C$500million involved collateral projects upon Canada’s Pacific Coastthat will benefit a city long after a Games.
The Vancouver Olympics in Feb had a C$1.7 billionoperating budget that was largely secretly funded, though thatdid not include a C$900 million in security spending paid forby a Canadian government.
The sovereign supervision as well as a province of British Columbiaalso paid a C$585 million price to set up as well as refurbishcompetition venues in Vancouver, as well as at a circuitously mountainresort of Whistler.
The city budget figures expelled upon Thursday do not includethe more than C$500 million in loans it gave a privatedeveloper building a C$1 billion athletes encampment to ensureit would be finished upon time.
That loan, needed when a developer’s in isolation financingdried up in a universe credit crisis, is expected to be paid offas many of a on the water housing nearby Vancouver’s downtown issold off as high-end condominiums.
The city spent C$300 million upon subsidized housing andother county comforts associated to a encampment as well as C$26 millionon a waste-to-energy heating plant that won regard fromenvironmentalists.
An auditor’s inform in 2006 estimated that hosting theGames would in the future price Canadians taxpayers C$2.5 billion,including associated infrastructure projects such as main road andtransit upgrades. (Reporting Allan D! owd; edi ting by Rob Wilson)
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