Halifax 2014 Announces International Bid Budget

first_imgHalifax 2014 today, Nov. 30, announced the details of its international bid budget. The budget of $14,310,200 covers the preparation of a detailed bid for the 2014 Commonwealth Games. “This is a serious budget for a serious bid,” said Fred MacGillivray, president and chair of Halifax 2014. “We recognize and accept our responsibility to manage it prudently in order to prepare a bid that creates a lasting legacy and sustainable benefits for Halifax, Nova Scotia and Canada.” The international bid budget covers activities related to detailed planning and design of all Games venues and facilities including competition and non-competition venues and the athletes’ village; local, national and international sport legacy and development programs; and a bid team including local, national and international experts. It also covers promotion of the bid locally, nationally and internationally; a delegation to Sri Lanka for the final presentation and vote in November 2007; and, administration and operational costs. The Halifax 2014 bid committee includes experts who have games experience to ensure Halifax’s bid meets the stringent and comprehensive requirements dictated by the Commonwealth Games Federation for the international bid process. “The requirements of preparing a winning bid for major multi-sport Games have increased dramatically in the last several years,” said Scott Logan, Halifax 2014 CEO. “Our international bid budget reflects the level of detail and planning we are engaged in — making sure we have the most accurate and detailed Games-time plans and cost estimates that meet the requirements of the Commonwealth Games Federation.” The budget includes funding from several sources including Halifax 2014’s primary funding partners, the federal, provincial and municipal governments, as well as corporate and business contributions. The federal and provincial government will each contribute $3.5 million. Halifax Regional Municipality will contribute $3 million and corporate partnerships will account for $3.73 million. The remaining $580,200 will come from other sources including merchandising and lottery efforts for a total of $14,310,200. A breakdown of the $14,310,200 budget is as follows: $2,286,193, partnerships and relationships; $3,742,112, compensation and benefits; $2,986,137, finance and administration; $2,458,558, corporate partnership, marketing and communications; and $2,837,200 for games planning. In addition to the federal government’s investment in the international bid budget, the Atlantic Canada Opportunities Agency announced $2 million in support of economic and business development opportunities associated with attracting the Games and strengthening local expertise in attracting major events. “The investment made today by our primary funding partners is not only a financial contribution — it’s a tangible commitment towards realizing the full benefits of hosting the 2014 Commonwealth Games,” said Mr. MacGillivray. “We thank each of our government partners for their ongoing commitment and confidence in our collective effort to host the 2014 Commonwealth Games.” “Clearly, our government partners have come through with a solid commitment to Canada’s bid for the 2014 Games,” said Dr. Andrew Pipe, president of Commonwealth Games Canada. “We see this as a strong vote of confidence and look forward with renewed optimism to what we’ll be able to accomplish together.” The Commonwealth Games are an international sport and cultural event held every four years in which athletes from 71 Commonwealth nations and territories compete. In December 2005, Halifax won the right to be Canada’s candidate city for the 2014 Commonwealth Games. In competition with Glasgow, Scotland, and Abuja, Nigeria, the Halifax 2014 bid committee is now focused on developing and winning the international bid, which will be awarded by the Commonwealth Games Federation on Nov. 9, 2007, in Sri Lanka.last_img read more

Taxpayers on hook for 180M for cancelled Mississauga gas plant

TORONTO — Ontario taxpayers, not hydro rate payers, are on the hook for at least $180-million for the Liberals’ decision to cancel a gas power plant in Mississauga, Finance Minister Dwight Duncan confirmed Monday.Duncan also said the Ontario Power Authority paid Greenfield South, developers of the cancelled plant, another $10-million as a sign of good faith while trying to persuade the company to halt construction.“There are no other costs that I’m aware of,” Duncan told reporters.Energy Minister Chris Bentley said last week it would cost $180-million in penalties for the move to cancel the plant just days before last fall’s election, a decision he said had been made by the Liberal election campaign.Duncan said Monday the decision to scrap the plant was made by Premier Dalton McGuinty.“It was in fact a government decision and ultimately the person who made that decision was the premier,” he said.McGuinty has not been available publicly to comment on the cost of cancelling the project since it was announced.The opposition parties complained the Liberals had given out two different figures and said the auditor general should be called in to determine the actual cost of cancelling the Mississauga plant and another one in neighbouring Oakville.“The public have been dinged for $190 million and they deserve to know if there are more expenses than what’s been revealed so far,” said NDP energy critic Peter Tabuns in an interview.Tabuns wrote an open letter to auditor general Jim McCarter Monday saying “there is much uncertainty about the full cost” of scrapping the plant, which was well into its construction phase when the Liberal campaign cancelled the project.“Government documents and recent reports indicate that the cost may be significantly higher” (than $180 million), he wrote.“Ontarians deserve to know the full cost of the government’s last-minute decision to cancel and relocate the Mississauga plant, and whether or not the government exercised due diligence in minimizing the costs of the contract change.”The Progressive Conservatives said they are “very concerned the $180-million is just the tip of the iceberg” when it comes to the costs of cancelling“ the two plants.“What I worry about is that we’ve only seen the beginning of these costs,” said Opposition Leader Tim Hudak.“And secondly, we need answers on Oakville,” he said. “Oakville was a larger plant (and) the cost there is going to be much higher.”The government is still negotiating with the developer of the gas-fired generating station in Oakville that the Liberals cancelled after local residents brought in high-profile activist Erin Brockovich to speak against it.The Ontario Power Authority said Monday it did not offer any extra fees like the $10 million given to Greenfield South Power because construction never actually started on the Oakville power plant.Construction on the Mississauga plant continued for weeks after the Oct. 6 election, but the decision to cancel it helped save five Liberal seats in the area.The opposition parties called the decision to cancel the plant and relocate it several hundred kilometres away in the Sarnia area “a Liberal seat-saver program” and complained the government was not releasing all the relevant documents.“The auditor digs in and finds out what’s actually gone on and he brings the facts and numbers to light,” said Tabuns.“I think he will have a better chance at getting to the documents that are there and, frankly, following up on paper trails that may no be apparent to those who do not do accounting all the time.”Hudak said the political decisions by the Liberals to cancel planned electrical generating stations that they originally said were needed to meet demand will turn off potential investors at a time when Ontario is overhauling and modernizing it’s power system.The Liberals’ generous subsidies for wind and solar power in addition to their political interference in building new gas-fired plants are hurting Ontario, he added.“The problem here is that we have turned energy from a major strength for attracting jobs to our province into a major detriment,” said Hudak.“And stories like this are going to undermine the confidence of investors in our province.”The Liberal government plans to turn off the last of Ontario’s coal-fired electrical generating stations by 2014, seven years later than originally promised.© Thomson Reuters 2012 read more