Venue Development Budget and Revenues

Public funding represents 26% of Games revenue sources, and is provided equally by the Government of Canada and the Province of British Columbia.

The budget for building new venues and renovating existing facilities to stage the 2010 Winter Games remains at $580 million and is equally funded by the Governments of Canada and the Province of British Columbia. The venue construction program is on time and on budget and has a current contingency of $55.3 million.

The scope of venue construction includes the planning, construction and delivery of all competition venues required for the Olympic and Paralympic Winter Games on a timely basis and in a fashion consistent with VANOC’s values and pre-existing commitments.

The current venue construction budget is as follows:

VENUE CONSTRUCTION REVENUES	$
Canada	290,000,000
BC	290,000,000
TOTAL	580,000,000

VENUE CONSTRUCTION EXPENDITURES
Venues constructed by Partners with VANOC $ Contribution
UBC Ice Hockey arena (UBC Winter Sports Centre)	38,445,000
Richmond Speed Skating Oval	63,110,000
Whistler Olympic and Paralympic (Athletes) Village	37,500,000
Vancouver Olympic and Paralympic (Athletes) Village	30,000,000
Whistler Broadcast and Press Centre	3,000,000
Training Venues / Other Grants	7,400,000
Venues constructed / upgraded by VANOC
Hillcrest Curling Venue	38,000,000
Whistler Athlete Centre	16,000,000
Whistler Sliding Centre	104,900,000
Whistler Nordic Competition Venue	119,740,000
Cypress Freestyle and Snowboard Venue	15,800,000
Whistler Alpine (Whistler Creekside)	27,635,000
Hastings Park Skating Venue (Pacific Coliseum)	23,700,000
Other	6,270,000
Subtotal	531,500,000
Contingency	55,300,000
Less: Sponsor VIK Contribution	(6,800,000)
TOTAL	580,000,000

Related Information:

Venue Development (Construction) Budget (PDF, 39KB)
Budget Schedules (PDF, 72KB)

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