Calgary needs C$2m more to continue exploring 2026 Olympic bid
A further C$2 million ($1.6 million) will have to be found if Calgary in Canada in to continue exploring the possibility of launching a bid to host the 2026 winter Olympic Games, on top of the C$5 million already awarded to the Calgary Bid Exploration Committee.
The committee reported at the end of October that a bid is feasible, having spent C$3.5 million on a feasibility study, but demanded clarity over which levels of government would be responsible for financing various elements of the games, including capital, security and operating costs, along with the financial guarantee demanded by the International Olympic Committee.
A report by city administrators now suggests that additional funding is needed to form a bid corporation that would work on a bid design and the so-called ‘bid book’, Global News has reported.
Hosting the games would cost C$4.6 billion, it has been estimated.
Other possible bidders include Sion in Switzerland, the Telemark region in Norway, cities in USA, Turkey and Kazakhstan, Stockholm in Sweden and Sapporo in Japan.