Ten years out, the legacy of those investments is proving a boon to the community but some payoffs took longer than expected
VANCOUVER — When Gregor Robertson took office as mayor of Vancouver, he said he didn’t anticipate the “financial meltdown” of a planned housing development as the 2010 Winter Olympics and Paralymics approached.
Quantifying the economic impact is virtually impossible, said James Raymond, senior research manager at the Vancouver Economic Commission. Unlike other host cities with “ghost” facilities that languish unused after the Games, Vancouver’s Olympic infrastructure continues to flourish, said Raymond, whose visits to host cities include Seoul, Barcelona, Sidney and Athens.
There was only one project — the ski jump venue — that the team determined would not likely sustain itself, so committee provided ongoing funding for it, he said. Jacob said a shared $30-million cultural centre in Whistler was more of a financial burden than expected but is now operating in the black. Nelson added that many local youth are employed at the centre and it allows them to share their history.
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