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

Infighting at Kelowna Yacht Club makes it to court

Marc Whittemore, a local lawyer and prominent member of the club, filed a notice of civil claim Feb. 1

Kelowna athletes kick off Canada Winter Games

Saturday is day one of the Games in Red Deer

Princeton pot plant getting ready to hire

Princeton’s newest employer - which promises to be one of its biggest… Continue reading

Family Day fun starts today around the Central Okanagan

You don’t have to wait until Monday to enjoy free family fun

Memorial for popular Lake Country teen to be live streamed

A memorial service for Derek Flowers-Johnson will be held at 1 p.m.

VIDEO: Historic night in Red Deer as 2019 Canada Winter Games kicks off

Star-studded Opening Ceremony features athletes from across Canada

Drive BC warning slippery conditions for Okanagan main highways

The region is forecasted to see flurries and snow for the first half of the weekend

B.C. students win Great Waters Challenge video contest

Video, mural and song about saving the salmon claims the top prize

B.C. couple attacked with acid, slashed with knife in Vietnam

Warning, graphic images: Man has burns on 80 per cent of his body, slashed with knife

Flying squirrels found to glow pink in the dark, including two from B.C.

Squirrels from Hope and Abbotsford were included in the biologists’ database

Man and woman shot in targeted incident in Kamloops

The shooting happened yesterday afternoon

Ontario police field complaints over Amber Alert for missing girl, 11, found dead

Some said the Amber Alert issued late Thursday for Riya Rajkumar disrupted their sleep

Names keep adding to vaccine petition started by B.C. mom

Maple Ridge mom started campaign to make vaccination a condition of attending school

Most Read