As the Olympics get underway in Rio, work continues in Calgary to determine if the city should make a formal bid for the 2026 Winter Games.
City Council approved the spending of $5-million to set up an exploratory committee to see if it’s feasible to make the bid.
Doug Mitchell with the Calgary Sports Tourism Authority says the days of big money Olympic games are over.
Rio is poised to spend $12-billion to host the games and Russia spent $51-billion on Sochi, however, Mitchell says the games have to make financial sense for Calgary to consider a bid.
Speaking to Global News, he says what’s promising for the Calgary bid is a change in the IOC mindset on having to build new infrastructure for most venues.
Mitchell says Calgary would be able to use existing facilities with a little bit of renovation.
He says a recommendation on whether Calgary should pursue a bid will be made within a year.