November 19, 2017

Politicians set to “double-down on stupid” with Montreal’s Olympic-size money pit

David MenziesMission Specialist


The 1976 Olympic Games in Montreal and the stadium built for the event, rank as two of the biggest financial boondoggles to ever shakedown hapless taxpayers.

In 1973, it was estimated the stadium would cost $310 million but by 2006, after calculating repair costs, modifications and interest paid, the price of Olympic Stadium was almost $1.5 billion!

Now comes word that the infamous stadium lid – which never worked properly – needs to be replaced and Quebec’s government wants to invest in a renovation that’s expected to suck up a quarter-million in taxpayer dollars.

The main tenants of Olympic Stadium have all fled and so far there are only TWO events booked in 2018 but time and again, politicians get seduced by these mega-projects.

Toronto’s SkyDome experience was similar becoming the only downtown real estate to depreciate by more than 90 per cent over the course of 15 years.

At this point, the only sensible option is to euthanize the Olympic money pit but even that’s going to be painful at a cost of $700M to demolish the stadium.

Maybe we should tender out the demolition to the likes of ISIS and Al-Qaeda...

Comments
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commented 2017-11-20 15:07:21 -0500
I misused the English Language in my post below, I said, " it will be difficult for him to dig out of the huge hole". A person doesn’t have to dig out of a hole as a hole is just air. Should have said ," It will be difficult to (climb) out of the huge hole."
commented 2017-11-20 12:36:34 -0500
Yes, Jacob Rees Moog is one of the few Politicians that will represent what the people want, not his private views or the views of the Party Leaders.
Even if Moog becomes PM, it will be difficult for him to dig out of the huge hole that Tony Blair and David Cameron dug. Those two should be jailed.
commented 2017-11-20 09:16:18 -0500
There’s only hope for England if the English non Islamic voters show up at the ballot boxes.
Otherwise, it will be th same story as usual.
The Left will conquer with the aid of the islanimals.
commented 2017-11-19 23:05:24 -0500
Ron Joseph:
I hope Jacob Rees Moog is the next PM. He’s a true Conservative, pro-life, doesn’t believe a man can be a feminist.
Maybe there’s hope for England.
commented 2017-11-19 22:38:24 -0500
Come on now, the same stuff won’t happen again, corrupt unions,government officials and mobsters are a thing of the past. No bribes or diluted materials or any of that funny business can happen these days.
commented 2017-11-19 22:23:18 -0500
I thought they were using this white elephant stadium to warehouse Truedough’s illegal migrants – they probably complained about the leaky roof – they should get used to liberal governments lying to them about free benefits if they intend to stay here.
commented 2017-11-19 17:54:01 -0500
I said earlier that Referendum was a good way to make decisions," as you get what you vote for."
That is unless you are in The Islamic Republic of Great Britain. They voted by referendum to leave the European Union almost 1.5 years ago and NOTHING has happened. What a joke Teresa May is.
The British odds makers say 80% chance that she will be gone in 2 months.
My guess is that she will be replaced by Jacob Rees Moog, as the new Prime Minister.
commented 2017-11-19 16:10:26 -0500
Doubling down on stupidity is an understatement for these cucks !
commented 2017-11-19 14:52:49 -0500
Most of would love to just be on a committee deciding if they are going to decide to have a committee to look into the prospect of doing something .
A few years of high salaries and even higher expense account.
I bet they get ex Bombardier executives who know how to screw the public.
commented 2017-11-19 14:34:05 -0500
Governments love megaprojects. They get to feed their cronies, please their union supporters & all sorts of money can simply “disappear”.
commented 2017-11-19 11:50:01 -0500
All Sports Complexes decisions should be settled by REFERENDUM.
Then you really get what you vote for.