Auditor-General warns of escalating 2010 Olympics costs By Bruce Constantineau, Vancouver Sun
December 12, 2008 12:17 PM
The provincial government has not adequately disclosed the financial risks associated with the 2010 Olympics and the costs of staging the Games could "escalate considerably," according to B.C. Auditor-General John Doyle.
"I share my predecessors' view that the full cost of staging the Games should include a number of items that are not included in the official budget," he writes in a letter to legislature speaker Bill Barisoff.
The government says it will spend about $600 million on the Games but a 2006 report from former auditor-general Arn van Iersel put the true cost at around $2.5 billion. That estimate included Sea to Sky Highway improvements and Canada Line costs the government feels are unrelated to staging the games.
"While the details of specific issues may have shifted to some extent since the Office's last report — cost estimates remain, to great extent, a moving target — the underlying fundamental differences of opinion between government and my Office have not," Doyle says in the letter.
http://www.vancouversun.com/Auditor+General+warns+escalating+2010+Olympics+costs/1068646/story.htmlUh oh, so not glowing with pride on that report. Show the auditor-general the contracts and the invoices, British Columbia! Even the citizens want to know what they are going to be in debt for.