Zeeshan Hamid wrote:
Hey Rick, you didn't mention that Henderson isn't involved with the games and that the committee chair (a former
conservative Premier) denies Henderson's allegations (since no actual construction contract or agreement is signed, how is it "over budget"?

).
Zeeshan Not-A-Fan-Of-Pan-Am Hamid
Zeeshan
The quote that Rick D posted was qualitative not quantitative therefore is only the opinion of the writer. As a Councillor I am sure you are aware, or at least should be, that it is possible to be on, over or under budget before construction contracts are signed or started (Engineering estimates are prepared for that purpose). As an example we know that the Velodrome is estimated to cost $45million and I am sure every element of the Games carries such an estimate! I don't actually know if Henderson has any "inside" knowledge to back up his comments but I found the debate that his comments started more than enlightening.
My problem is that those in support of the project have not persuaded me of the value to the taxpayers of the Velodrome. Yes we have dressed it up as using other recreational funding requirements as a substitute but if the velodrome is such a big added value to us why was it not in our plan?
One of the comments made in yesterday's debates about hosting major events such as the Pan Am or the Olympics is that it skews funding for many years after the event is over. Repayment of the debt incurred to host the event pushes other priorities down and off the list. That is one of my concerns regarding our participation in the velodrome. We don't have to look beyond the impact of some of our own projects which enjoyed stimulus funding to realise that!
My major concern remains the risks involved! Among these risks I would put first that we are likely to commit to the velodrome and its location before we have any certainty that the Education Village will be approved.
I am also not a fan of the Games being held here and I will freely admit to that making me satr from a biased position but I have seen no argument that even begins to move me off that bias!
Martin