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Olympic Essay On August 28th 2002 the International Olympic Committee named Vancouver as one of four candidate cities for the 2010 Olympic and Paralympics Winter Games This is a huge achievement for Vancouver and BC by reinforcing our pride for our city The Olympic Committee spent 3 months evaluating the Bid Questionnaire which addressed 22 competency questions made by the International Olympic comity The Olympics are the most important sporting event in the world It creates pride brings people together and brings in money The best opportunity for Vancouver to put itself on the world stage and to grow economically is the Winter Olympics This is an opportunity of a lifetime and if we pass it up we will be regretting it for the rest of our life The rewards will reach every community and industry They will go further than the sports and include arts culture small business and most of all tourism Vancouver already has a huge tourist economy so will be able to cope with the huge demand for accommodation food and entertainment A huge concern for many people is how these games are going to be funded The actual cost for the event is going to be covered by the revenues from the event such as TV broadcast rights sponsorship ticket sales licensing fees donations and sale of some assets after the games Federal and Provincial government will contribute to the cost by funding of services such as policing and security which is a vital for the success of the Games This is a realistic scenario considering the 160 million profit received by Salt Lake City If Vancouver gets the Winter Olympics we will be left with many facilities such as sports arenas an Olympic Village and repairs to other buildings to world class standards The province has pledged 310 million over six years to cover the cost of facilities and the games and the
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