Menu
Finance

Victoria Commonwealth Games Bid Committee Unveils C$955M Budget

The Victoria, Canada, bid committee for the 2022 Commonwealth Games unveiled a budget on Wednesday of C$955M ($753.6M), according to Cleve Dheensaw of the TIMES COLONIST. It "envisions a regional stadium in the West Shore, arena for gymnastics at a site to be determined, and later converted to an Olympic-size ice rink," temporary venues which include beach volleyball in front of the legislature and three-on-three basketball at Ship Point in the Inner Harbour. The Athletes Village and Officials Village "would be built near Costco in Langford and converted to housing post-Games." The bid committee is asking for C$400M ($315.6M) from the federal government and C$400 million from the British Columbia government, "with no commitment yet from either." While BC Premier John Horgan and Green Party of BC Leader Andrew Weaver expressed "initial excitement" about a Victoria Games, BC Finance Minister Carole James is "being abundantly cautious." The Games require a government body, in this case the province, to "guarantee any cost overruns." Bid Chair David Black said that he has met with James. Black said, "Her job is to say no. We have to convince her. It is not going to be easy." The federal government, meanwhile, must also consider '26, in which Canada will "likely" host 10 World Cup football games, "while Calgary is considering bidding for that year's Winter Olympics." Black added, "The federal government is generally supportive of us but we haven't got there, yet [in terms of a firm commitment]."  Greater Victoria municipalities will be asked to contribute C$25M ($19.7M) of "in-kind services" for '22. Black said that with the provincial and federal spending on the event, Greater Victoria would be "getting back dollars in return for pennies." The rest would come from "sponsorships and marketing" (TIMES COLONIST, 8/16).

SBJ Morning Buzzcast: May 3, 2024

Seismic change coming for NCAA? Churchill Downs rolls out major premium build out and Jeff Pash, a key advisor to Roger Goodell, steps down

Learfield's Cory Moss, MASN/ESPN's Ben McDonald, and Canelo

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with Learfield's Cory Moss as he talks about his company’s collaboration on EA Sports College Football. Later in the show, we hear from MASN/ESPN baseball analyst Ben McDonald on how he sees the college and professional baseball scene shaking out. SBJ’s Adam Stern shares his thoughts on the upcoming Canelo-Mungia bout on Prime Video and DAZN.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2017/08/18/Finance/Victoria-CWG.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2017/08/18/Finance/Victoria-CWG.aspx

CLOSE