The 2030 Winter Olympic and Paralympic Games could cost $3.09 billion if they’re held in British Columbia.
Canada’s First Four Nations, the Canadian Olympic Committee, and the Canadian Paralympic Committee presented the financial estimates — with bid officials promising operating costs would be covered by private funding up to an estimated $2.16 billion.
The cost would be funded by sponsorships, broadcasting rights, and merchandise licensing.
Housing, security, and facility renovation would need between $773 million to $927 million in public dollars.
- The COC estimates between roughly $231 million to $290 million would be needed in government grants for new building and renovations from the existing Vancouver 2010 venues.
- Roughly $127 million to $206 million would be needed for Olympic Villages.
- To secure the Games, around $433 million to $450 million more would be needed.
The estimates include a built-in 25% contingency for uncertainties, including cancellations insurance — the 2020 Tokyo Olympics were delayed for one year due to the pandemic and had no fans in attendance.
Behind the Bid
Vancouver’s city council will likely decide whether to support an official bid following a July 20 staff hearing. The British Columbia NDP government has given COC until Aug. 15 to put together a detailed plan.
“At this point, the province has not committed any funds to this project,” said Melanie Mark, B.C.’s minister of tourism, arts, culture, and sports.
Salt Lake City and Sapporo, Japan, are also reportedly exploring bids for the event. The host will be picked in May 2023.
