Olympics: the Money Guzzler

When Vancouver won the bid to host the Winter Olympics in 2010 everything looked fine and dandy. It would help provide many people in the city with jobs and show how great of a city Vancouver can be. But what would happen once it ends and people are unemployed? Things aren't looking so great for the organizing committee in Vancouver due to the construction of the Vancouver House and two "live sites". The live sites are areas that will have big screens to watch the Olympics and pavilions where people could wander in free of charge to enjoy the festivities.

The live sites projected cost was suppose to be at $470 million but now the provincial and federal government had to invest another $55 million to keep up with the costs. Another issue arised when initially they needed $15 million to improve the facilities for it's building and managing but instead the figure turned into about $38 million. Lastly another building that is going to be built for the athletes to live inside during the duration of the Olympics was projected to be $750 million but once again increased to $875 million.

Now where will they get this amount of money from to upgrade and maintain these projects? by taxing the people more? Instead the government believes that in order to recover from these prices, they hope to resell the buildings and facilities for a market price that will give them back most of their money that they had invested in the beginning to companies or corporations. Hopefully this will turn out as the way they planned.