The official Whistler website of the Vancouver 2010 Olympic and Paralympic Winter Games
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2010 Winter Games Budget - Executive Summery
Olympic host communities measure the value of Games benefits in multimillions or even billions of dollars. Legacies are measured not in years, but in decades.
The 2010 Olympic and Paralympic Winter Games provide an unprecedented opportunity for Whistler to make strides toward achieving Whistler 2020, our shared vision for the community. The Games will allow us to build destination awareness, business opportunities, event and hosting capacity, and community pride. It also gives us the honour to represent Canada on the world stage. The Games are an investment in Whistler's future.
The Games have provided the opportunity to secure incremental funding for Whistler, while requiring an investment that ensures the Games are a success and that Whistler presents its best to the world.
Whistler is receiving $87.8 million in cash investments for initiatives that will benefit the community during and following the Games. Direct costs have been estimated at $8,671,490 (not including Games-time operations, which are yet to be determined) and will be invested from the two-per-cent hotel tax. Indirect costs such as staff time (for staff not specifically dedicated to the Games) and regular municipal services and equipment required to put on the Games are not included as part of the 2010 Winter Games Budget. The Games budget for the period of 2008 through 2010 is $7,572,824.
Legacies of the Games for Whistler go well beyond the direct cash investments, and go well beyond the Games: 300 acres of gifted land from the Province of British Columbia for resident housing, increased public art and cultural opportunities, accelerated completion of the Sea to Sky Highway project, and a new CT scanner for the Whistler Health Care Centre, to list a few.
Following the Games, Whistler will have completed two significant community amenities that are consistent with its community plan - the Athletes Village, which will become a neighbourhood of resident-restricted housing, and the Whistler Olympic/Paralympic Celebration Plaza - with the assistance of significant Games investments.
The Games are an investment in Whistler's future.
The 2010 Winter Games Budget outlines information regarding the Resort Municipality of Whistler's budget considerations for planning and staging of the 2010 Olympic and Paralympic Winter Games. It identifies anticipated direct and indirect costs and benefits to Whistler. The document serves as an overview to guide Games financial planning. Separate council reports will be presented for each program area in the months leading up to the Games.
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Link to the official website for the Vancouver Organizing Committee for the 2010 Olympic and Paralympic Winter Games.
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