Whoaccio
Senior Member
Okay, I fail to see how exactly this is a win for Toronto or the region. Governments are going to pick up 90% of the 1.5b of costs, plus any of the inevitable cost overruns, and in return we get an Olympic swimming pool, which wont even help us in any Olympic bid? As far as I can tell from looking through the bid book, the only new facilities this will entail are the Aquatic Center, the Sports Center and the PanAm stadium, none of which are in the downtown core or any prospective future Olympics venue and hence are essentially useless in that regard.
Even assuming UofT did need a new swimming center though, these games seem like a poor way to fund it. Only 50% of all expenses are going to capital costs, the rest are for operational expenses like security. So, right off the bat, our 1.5b "investment" is shrunk to 708m. That is horribly inefficient. Then there is the question of to what extent these facilities are being overbuilt. Fine, Toronto really should have high quality athletic infrastructure. For purely domestic purposes though, does UofT really need a pool capable of housing 10,000 spectators? Does Hamilton really need a 15,000 seat stadium? When in god's name has there ever been a need for a field hockey stadium with 5,000 seats?
We just had a massive round of government infrastructure spending, with a specific amount set aside for these kinds of recreational facilities. We would have been much better off simply lobbying for that and avoiding having to spend fifty cents out of every dollar on operational costs for the PanAm games.
Even assuming UofT did need a new swimming center though, these games seem like a poor way to fund it. Only 50% of all expenses are going to capital costs, the rest are for operational expenses like security. So, right off the bat, our 1.5b "investment" is shrunk to 708m. That is horribly inefficient. Then there is the question of to what extent these facilities are being overbuilt. Fine, Toronto really should have high quality athletic infrastructure. For purely domestic purposes though, does UofT really need a pool capable of housing 10,000 spectators? Does Hamilton really need a 15,000 seat stadium? When in god's name has there ever been a need for a field hockey stadium with 5,000 seats?
We just had a massive round of government infrastructure spending, with a specific amount set aside for these kinds of recreational facilities. We would have been much better off simply lobbying for that and avoiding having to spend fifty cents out of every dollar on operational costs for the PanAm games.
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