Calgary lost at least $500,000 in scrapped Commonwealth Games bid: report
Posted Sep 11, 2023 12:36 pm.
A report heading to Calgary City Council Tuesday shows the city lost a hefty amount of cash as a result of the 2030 Commonwealth Games bid being thwarted by the province.
Prior to the bid being scrapped in August, the city had already dropped $500,000 into the bid.
These funds went to the 2023 Commonwealth Games Bid Corporation.
A total of $1 million had been allocated to support the bid, and the report says the other $500,000 will remain in the fiscal stability reserve, and will require council approval prior to being used.
The report adds that Calgary is well-positioned to contribute to or host large multi-sport events and will continue to explore similar opportunities in the future.
