Winter Games Update
By 250 News
Monday, November 29, 2010 08:28 PM
Prince George, B.C.- With just four years before the Canada Winter Games of 2015 will get underway in the City of Prince George, the Games Bid Transition Committee has presented an overview of what lies ahead for the City.
The operating budget will be just over $18.57 million, the capital budget will be $25.77 million. There is a contingency fund of $3 million, and an expectation that there will be $2.086 million paid in HST.
Of the overall budget, the City will be responsible for 30%, the Province will pick up 22% and the Federal Government will chip in 23%. The balance of funds will come from sponsorships, ticket sales and marketing.
“At the moment we are being referred to as the future, future hosts, as the Games Council is currently focused on the Halifax games which start in the new year” says Tracy Calegheros of the Games Committee.
She says work is being done right now to finalize a Host Society and select the delegation that will attend the games in Halifax to witness how that City handles the Games.
The City will be responsible for about $11 million of the capital budget, and most of that money (89%) will go towards the upgrading of the Kin Centres.
The trade off comes in development of community pride will be a huge component, but the opportunities to market the region and the community are endless because of the extensive television coverage.
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