Calgary 2026 Bid Corporation CEO Mary Moran delivers technical elements of its plan for the 2026 Olympic and Paralympic Winter Games to Calgary City Council, in Calgary, Alta., on September 11, 2018. THE CANADIAN PRESS/Jeff McIntosh

Alberta government says it would front $700M for Calgary Olympics

A draft plan for Calgary to potentially host the 2026 Games pegs the cost at $5.2 billion

The Alberta government says it will pick up $700 million of the tab if Calgary were to hold the 2026 Winter Olympics in Calgary.

The province says the money is contingent on a majority of voters supporting the bid in an upcoming plebiscite and increased transparency in the organizing process.

A draft plan for Calgary to potentially host the 2026 Games pegs the cost at $5.2 billion.

It suggests the city, provincial and federal governments should contribute $3 billion of that.

The remainder would be paid by Games revenue.

In a letter to the city, the province says it would not be able to cover any cost overruns or revenue shortfalls.

Calgary is holding a plebiscite Nov. 13 on whether the city should bid for the 2026 Olympics.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

FOCUS: New arena, more ice in Surrey – but will it be enough for everyone?

With both rinks to close at North Surrey rec, the result is a net gain of one ice sheet this fall

Accused Surrey transit cop shooter’s bail hearing set for April

Daon Gordon Glasgow, 35, is accused of shooting Transit Police Constable Josh Harms, 27

Watchdog called after man who yelled racial slurs at Surrey vigil hurt during arrest

BC RCMP say man was ‘acting suspiciously’ at prayer vigil for victims of New Zealand mosque shootings

Two suspects sought after man shot in Surrey’s Hawthorne Park Sunday

Police say victim was arrested after being treated for gunshot in hospital

Surrey vigil for New Zealand mosque shooting victims set for Friday

Holland Park interfaith event aims to promote compassion and tolerance, organizer says

VIDEO: RCMP ask kids to help name soon-to-be police dogs

13 German shepherd puppies will be born this year

Horvat scores 16 seconds into OT as Canucks beat Blackhawks 3-2

Pettersson sets rookie scoring record for Vancouver

No injuries, pollution in Vancouver Harbour ship collision: Transport Canada

Transportation Safety Board says it has deployed a team of investigators look into the incident

Budget 2019: Five things to watch for in the Liberals’ final fiscal blueprint

Finance Minister Bill Morneau will release the Trudeau government’s final budget on Tuesday

New concussion guidelines launched for Canada’s Olympians, Paralympians

The guidelines will be in effect at this summer’s Pan American, Parapan American Games in Lima, Peru

Alphonso Davies doubtful for Canada game against French Guiana in Vancouver

Canada will be without injured captain Scott Arfield and veteran Will Johnson

NDP’s Jagmeet Singh steps into the House of Commons, making history

Burnaby South MP becomes first visible minority to lead a federal party in the House of Commons

Chilliwack grad says modest dress codes don’t protect girls from assault

Sardis alumni was ‘catcalled, harassed, and groped by my male classmates’ despite modest clothing

Most Read