2026 Winter Games would cost Calgary $4.6 billion: bid exploration committee

CALGARY—The price tag for Calgary to host the 2026 Winter Olympic and Paralympic Games will be about $4.6 billion, according to a bid exploration committee.The Calgary Bid Exploration Committee (CBEC) told city council Monday that revenue the Games generate would cover almost half the cost, but another $2.4 billion would be needed.The 2010 Winter Games in Vancouver and Whistler, B.C., cost $7.7 billion.Calgary’s estimate is lower because the city can reuse venues from the 1988 Winter Games, CBEC chair Rick Hanson said.“Having pre-existing facilities made a significant impact,” Hanson said. “On average, you would have to look at $1.6 billion in some cases to built the facilities that are necessary for the Games.Article Continued Below“Because we had existing facilities, we’ve got that number well under half a billion dollars.”CBEC and city administration will make final recommendations to council on a possible bid July 24.“I’ve always said I will be persuaded on this particular issue by the evidence, so I just see this as a presentation of a bunch of evidence,” Calgary mayor Naheed Nenshi said.