Calgary

Here's a breakdown of what it would cost to host the 2026 Winter Olympics in 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.

The Games are estimated to cost $5.1B

The Calgary proposal for a 2026 Winter Games bid includes refurbishing some of the venues from the 1988 Winter Olympics. (CBC)

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.

Contingency funds to mitigate financial risk:

$1.1 billion.

Financial guarantor against debt:

None.

Security budget:

$495 million.

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, WinSport's sliding track and ski hill, Nakiska Ski Resort, Canmore Nordic Centre, BMO Centre and Big 4 buildings.

Comments

To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Pseudonyms will no longer be permitted.

By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Please note that CBC does not endorse the opinions expressed in comments. Comments on this story are moderated according to our Submission Guidelines. Comments are welcome while open. We reserve the right to close comments at any time.