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Cost

ID: 36

ListCategory: Cost

Title: Cost

Subtitle: 2026 OLYMPIC AND PARALYMPIC WINTER GAMES BID

Description: <p>The cost of the 2026 Olympic and Paralympic Winter Games (the Games) is one of five topics we would like to hear from you about.</p> <p>When we think about costs, we mean the projected costs of the Games, potential funding sources and what they will cover. The City is currently negotiating a cost sharing agreement with the Government of Alberta and Government of Canada. More information about sharing costs with other orders of government will be released once it is available.</p>

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2026 OLYMPIC AND PARALYMPIC WINTER GAMES BIDCost

The cost of the 2026 Olympic and Paralympic Winter Games (the Games) is one of five topics we would like to hear from you about.

When we think about costs, we mean the projected costs of the Games, potential funding sources and what they will cover. The City is currently negotiating a cost sharing agreement with the Government of Alberta and Government of Canada. More information about sharing costs with other orders of government will be released once it is available.

Calgary 2026’s Draft Hosting Plan Concept


There are two types of costs included in Calgary 2026’s Draft Hosting Plan Concept:

  • Costs to build new or upgrade existing venues
  • Costs to plan and run the Games, and after they are over, to support community programming and legacy facilities

The draft hosting plan projects the Games to cost $5.2 billion, in 2018 dollars. The funding will come from two primary sources:

Private $2.2 billion

  • Private funding will pay to plan and run the Olympic Games
  • Private funding will come from the International Olympic Committee, sponsorship, ticket sales, merchandising, licensing, and other sources.

Public $3.0 billion

  • Public funding will pay for the Games facilities and housing, the Paralympics, and other costs, such as a legacy fund
  • Public funding will come from The City of Calgary, Province of Alberta, Government of Canada, and the Town of Canmore

Cost Category Cost estimate 2018 $ (B's) Private Public
Deliver the Games
Cost for athletes, officials, workforce, communications, marketing, etc. Funding from the IOC, domestic sponsors, ticket sales, merchandising, etc.
$2.23B $2.23B -
Paralympics
Same as above except on a smaller scale, and with limited sponsorships & other revenues.
$0.22B - $0.22B
Proposed venues and facilities to host the Games and then for future & ongoing use 
Two new facilities in Calgary & Renewal of 8 city & 3 mountain facilities ($0.95B)
Affordable housing in Calgary & Canmore ($0.62B)
$1.58B - $1.58B
Legacy Fund
For long-term venue operations & for community programs. 
$0.18B - $0.18B
Contingency
In addition to normal contingencies contained in the items above.
$0.12B - $0.12B
Essential Services & Security
Security & additional federal & provincial services, and for running Calgary & mountain regions during the games. Examples include entry & exit of people into Canada; emergency & ambulance services; public transit; snow clearing; wayfinding; zoning & permits; etc.
Security ($0.61B)
Additional Essential Government Services ($0.30B)
$0.91B - $0.91B
Total $5.24B $2.23B $3.01B


Potential benefits and risks of hosting the Games


More information about costs will be released mid-October as The City reaches a funding agreement with our government partners. We will share this information with you, including potential benefits and risks, as soon as we can.

Benefits

  • The City would get funding from other orders of government to build new and upgrade current venues. This funding may not be available otherwise
  • The upgrades and construction of new venues already planned by The City would happen years earlier than if they were to go through the regular government funding process
  • A legacy fund to operate and maintain legacy facilities and to fund programs like youth and Indigenous programs

Risks

  • The Games are eight years away. Events can occur that result in changes to costs
  • Costs may come in over budget
  • The $2.2 billion in private investment (made up of the IOC contribution, ticketing, sponsorship and licensing) may not be achieved
  • Future economic climates are unknown and may impact costs and revenues

Aligning with city priorities


The City is reviewing the proposed draft hosting plan to see how well it fits with Citizen Priorities, Council Directives, City policies, strategies and our long-term capital and financial plans.

The Council Directive directly linked to this topic:




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