CALGARY -- A quick look at estimated costs for Calgary and Canmore, Alta., to host the 2026 Winter Olympic and Paralympic Games, according to bid corporation Calgary 2026 revised host draft plan and Government of Canada figures.
Total estimated cost: $5.1 billion.
Public investment: Government of Canada, $1.45 billion; Province of Alberta, $700 million: City of Calgary $390 million, plus $150 million credit for previous financial commitment to improve a downtown district that would be a games hub; Town of Canmore, $3 million.
Private funding: $2.23 billion from games revenues, including a $1.2 billion contribution from the International Olympic Commitee in cash and services.
International Olympic Committee executive Christophe Dubi speaks to reporters as a skeleton athlete passes by on the track in the background at Canada Olympic Park in Calgary, Alta., Wednesday, Oct. 24, 2018. (THE CANADIAN PRESS/Jeff McIntosh)
Contingency funds to mitigate financial risk: $1.1 billion.
Financial guarantor against debt: None.
Security budget: $445 million.
A security official stands guard ahead of a men's preliminary volleyball match between Cuba and Iran at the 2016 Summer Olympics in Rio de Janeiro, Brazil, Thursday, Aug. 11, 2016. (AP Photo/Matt Rourke)
New Calgary sports venues proposed: $403 million for a multi-purpose indoor fieldhouse and 5,000-seat arena.
1988 venues reboot: $502 million to upgrade McMahon Stadium, Scotiabank Saddledome, Olympic Oval, WinSports sliding track and ski kill, Nakiska Ski Resport, Canmore Nordic Centre, BMO Centre and Big 4 buildings.
The Saddledome arena, built for the 1988 Winter Olympics, is in the foreground of the downtown skyline in Calgary, Alta., in this file image. (THE CANADIAN PRESS)
