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

Voter turnout trending lower

Initial numbers appear to be significantly down from last election cycle in 2014

UPDATED: Bear euthanized after incident near Wycliffe regional park

A bear has been euthanized after an attack on a ATV rider… Continue reading

RCMP thank public for help locating missing man

RCMP are thanking the public and volunteers for help in locating a… Continue reading

It happened this week in Cranbrook: 1909

For the week of October 14-20: Items compiled by Dave Humphrey from the archived newspapers held at the Cranbrook History Centre and Archives

Kimberley Golf Club members vote to proceed with sale of course

Purcell International Education will be purchasing the 18-hole course

Tommy Chong says cannabis legalization makes him proud to be a Canadian

Legendary marijuana advocate and comedian celebrates cultural milestone at Kelowna event

A Doctrine and a Royal Proclamation: Part II

Rev. Yme Woensdregt Last week, I expanded what I had written previously… Continue reading

‘Who the hell is Ferdy Belland?’

Local bass player joins nationally renowned rock star’s band

The post-truthiness world

Remember back in the innocent days of pre-2016 when Steven Colbert coined… Continue reading

Prank pizzas delivered to B.C. mayor on election night

The fake orders happened throughout Victoria mayor’s re-election campaign

MLA to become Nanaimo’s next mayor, could weaken NDP’s grasp on power

Leonard Krog’s win will trigger a byelection when he gives up his provincial seat

Horvat nets OT winner as Canucks beat Bruins 2-1

Young Vancouver star had spirited scrap earlier in contest

Team Canada gold medal winners for first time in world curling championship

Team Canada earned gold in Kelowna at the 2018 Winn Rentals World Mixed Curling Championship

B.C. passenger caught smoking weed in a car issued $230 fine

Saanich police did a field sobriety test on the driver and deemed it safe for him to drive

Most Read