Calgary 2026 Bid Corporation CEO Mary Moran delivers technical elements of its plan for the 2026 Olympic and Paralympic Winter Games to Calgary City Council, in Calgary, Alta., on September 11, 2018. THE CANADIAN PRESS/Jeff McIntosh

Alberta government says it would front $700M for Calgary Olympics

A draft plan for Calgary to potentially host the 2026 Games pegs the cost at $5.2 billion

The Alberta government says it will pick up $700 million of the tab if Calgary were to hold the 2026 Winter Olympics in Calgary.

The province says the money is contingent on a majority of voters supporting the bid in an upcoming plebiscite and increased transparency in the organizing process.

A draft plan for Calgary to potentially host the 2026 Games pegs the cost at $5.2 billion.

It suggests the city, provincial and federal governments should contribute $3 billion of that.

The remainder would be paid by Games revenue.

In a letter to the city, the province says it would not be able to cover any cost overruns or revenue shortfalls.

Calgary is holding a plebiscite Nov. 13 on whether the city should bid for the 2026 Olympics.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

Ladysmith couple prepares for 2019 Cycle of Life Tour

Brian and Karen Hartley will be riding to raise money for hospice care across Vancouver Island

Music performances highlight July and August in Chemainus

Concert series, festivals pack the schedule at Waterwheel Park

North Cowichan projecting a possible 5.92 tax increase in 2020

But finance director says numbers will likely change

Crofton Road upgrades begin this fall: Routley

Upgrading Crofton Road has been one of my top priorities as MLA for Nanaimo-North Cowichan

Participation the key in community

Courier publisher shares some of her ideals to Chemainus business leaders

Air Canada reviewing how crew left sleeping passenger on parked plane

In a Facebook post, the woman said she woke up ‘all alone’ on a ‘cold dark’ aircraft

Heroism medal for B.C. woman who tried to save wheelchair-bound man stuck on rail tracks

Julie Callaghan awarded Carnegie Medal from U.S.-based foundation for ‘extraordinary heroism’

Surrey RCMP raises Pride flag amid din of protesters

There were about 30 protesters on either side, and 20 Mounties doing crowd control

B.C. students’ camping trip goes ahead despite tents getting stolen

Nanaimo businesses, school staff and parents ensure trip goes on

Only legal pot shop between Vancouver and Kamloops now open

Private cannabis store on Skwah land in Chilliwack is first B.C. licensee to be Indigenous owned

Canadian communities responding to climate change

New research highlights state of local adaptation planning in Canada

Victoria woman in L.A. hospital after she was run over twice

Lynn Phillips has suffered from multiple broken bones and internal bleeding

‘Text neck’ causing bone spurs to grow from millennials’ skulls, researchers say

Technology use from early childhood causing abnormal bone growths in 41 per cent of young adults

B.C. judge defies lawyers and adds six months to man’s sex assault sentence

‘I find the joint submission is contrary to the public interest and I’m rejecting it’

Most Read