But in this case, the $1.1-billion overrun belongs to former Premier David Peterson’s Pan Am Games organizing committee, and even though two officers were fired, expenses continue to climb.
By the time they’re finished, I’ll bet it will cost $3-billion – well over double the amount we were told in the beginning we would be paying.
|Hamilton Stadium: A Bargain at $6,041 per seat|
Moreover, it seems that the proud folks of our “world class city” don’t want to blemish the image of the Games, which are running in Toronto and across Southwestern Ontario from July 7 to 26, followed by the ParaPan Am Games, August 7 to 15.
Games’ advocates point to all of the shiny facilities communities will inherit and, while many of them are very beneficial, in some cases, it appears we are not getting our money’s worth.
Athletes’ Village gets an extra $1.4-million
There are 2,200 units in the complex. Hmmm . . . . over $700-million for housing. Just imagine how much housing the co-op folks could build if given this amount.
The biggest shocker is the construction of the Hamilton Pan Am Stadium, which is coming in at least $145-million for the 24,000-seat structure. Break it down and this comes to $6,041 per seat. Construction was finished two years late.
Travel expenses have certainly been abused. The Star says that critics claim up to $800,000 was spent on flying TO2015 and Pan American Sports Organization (PASO) officials to far-flung destinations where they were wined and dined.
The weird would-be porcupine mascot, Pachi, had cost us $383,045 as of last November and I can imagine expenses growing by another $75,000 or more.
Lots of ‘perks’ on the side
And, for whatever reason, there are lots of small perks, such as $8,220 for Toronto Argonauts tickets, $9,820 in Tim Hortons gift cards, yoga pants and jackets. That’s not all. There is a wine tour, flowers, parking tickets, dozens of catered meals and snacks, educational courses and professional dues for staff.
Now here’s a good one: No one can say within millions of dollars what security for the PanAms will end up costing. It’s unclear what the bill from the Ontario Provincial Police will be, and private security costs are now estimated at $81-million, double the amount budgeted just two years ago.
The obscenity of the degree of exploitation of the public dollar is understood when we learn that the fired CEO, Ian Troop, who was paid $477,000 a year, billed taxpayers 91 cents for parking and $1.89 for a cup of tea.
As a final slap in the face, we learn that the business community – the sector making profits from all of this – did not come through as expected. Last fall, the Ontario government had to put an additional $74 million into the Games, most of it because of lower than expected sponsorship revenues.
Had the public known that the original budget for the Games would double, perhaps they would have protested so much we would not have had the games. Officials claim that the first budget was not submitted low on purpose, but the budget was such a mess we really need to question their claim.
Interestingly, Torontonians will moan and groan if a Councillor spends, say, $5,000 on a trip or goes over their office budget a little, but people have no comprehension of the waste involved when we get into spending $2.5-billion.
Benefits mainly to elites
Sure, we love the glitter of the Opening Ceremonies, perhaps 125 Canadians will win shiny medals, and there will be both sports and social legacies – but billions of dollars should not come out of the public purse for “circuses” when Ontario faces so many serious issues.
We should begin to worry that Toronto’s elite is now talking about a possible bid for the Olympics. If the idea of a bid gets off the ground, we need some new rules. First of all, participating countries should share some of the costs. When fundraising begins, hotels, restaurants, and special event locations, etc. should be expected to contribute financially. After all, they’re raking in billions while we pay a lot of the costs.
And finally, let’s make members of the organizing committee personally legally responsible for sticking to the first budget they submit if the Olympics become a possibility. Surely they’re familiar with this business concept.
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