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____ Friday November 6, 2015 ____


Pan/AM Games

How much does it take to Put on the Pan Am/Parapan Am Games?

There was no information provided as to the economic impact the games had in bring in revenue to the businesses benifiting from the extra traffic the games brought in.

Toronto - With strong fiscal oversight and collaboration between all partners, the overall cost of the TORONTO 2015 Pan American/Parapan American Games should be "within the $2.4 billion budget Ontario set at bid time in 2009", says a release from Queens Park.

The Pan/Parapan Am Games Secretariat (PPAGS) found savings in the following areas compared to March 2015 projections:

$54 million in security
$23 million in transportation
$26 million unspent contingency in the Athletes’ Village
$4 million in municipal services
$4 million in the administration of the Pan/Parapan American Games Secretariat and related initiatives

The Games Organizing Committee (TO2015) found $40 million in forecasted capital and operating savings compared to March 2015 projections:

$30 million in operating and contingency
$10 million in capital

Final costs will be determined after all Games-related invoices have been reconciled and audited statements have been prepared.

The highly lauded and largest international multi-sport Games ever hosted on Canadian soil welcomed 10,000 athletes and officials and millions of fans to 15 municipalities across the region. Training and sporting events were held in over 40 venues, including 25 new and upgraded world-class facilities now open for community use. 1.1 million tickets were sold and more than 31 million Canadians tuned into the national broadcast.

Ontario's plan to build Ontario up.

The four-part plan includes investing in people's talents and skills, making the largest investment in public infrastructure in Ontario's history, creating a dynamic, innovative environment where business thrives, and building a secure retirement savings plan.

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