Dave Zirin EDGE OF SPORTS Sports Illustrated
When I arrived in Vancouver, the first thing I noticed was the frowns. The International Olympic Committee has leased every sign and billboard in town to broadcast Olympic joy, but they can't purchase people's faces. It's clear that the 2010 Winter Games has made the mood in the bucolic coastal city decidedly overcast. Even the customs police officer checking my passport started grumbling about "$5,000 hockey tickets." Polls released on my first day in Vancouver back up this initial impression. Only 50 percent of residents in British Columbia think the Olympics will be positive and 69 percent said too much money is being spent on the Games.
"The most striking thing in the poll is that as the Olympics get closer, British Columbians are less likely to see the Games as having a positive impact," said Hamish Marshall, research director for the pollster, Angus Reid. "Conventional wisdom was that as we got closer to the Olympics, people here would get more excited and more supportive." If the global recession hadn't smacked into the planning last year, with corporate sponsors fleeing for the hills, maybe the Vancouver Olympic Committee would be on more solid ground with residents. But public bailouts of Olympic projects have decisively altered the local mood.
I spoke to Charles, a bus driver, whose good cheer diminished when I asked him about the games. "I just can't believe I wanted this a year ago," he said. "I voted for it in the plebiscite. But now, yes. I'm disillusioned." This disillusion is developing as the financial burden of the Games becomes public. The original cost estimate was $660 million in public money. It's now at an admitted $6 billion and steadily climbing. An early economic impact statement was that the games could bring in $10 billion. Price Waterhouse Coopers just released their own study showing that the total economic impact will be more like $1 billion. In addition, the Olympic Village came in $100 million over budget and had to be bailed out by the city.
Security was estimated at $175 million and the final cost will exceed $1 billion. These budget overruns are coinciding with drastic cuts to city services. On my first day in town, the cover of the local paper blared cheery news about the Games on the top flap, while a headline announcing the imminent layoff off 800 teachers was much further down the page. (more)
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