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Security: We already have a decent working estimate of how much security costs in a western democracy to hold the summer games - about £1.3B. Barring any 9-11 style shift in the security universe that's about the best estimate we can use. To get a Canadian cost you must convert the amount to...

Another point of comparison would be security costs. In Toronto the G20/G8 costs came in at $970m. The security budget for Pan Am was about half that, though final costs have not been released. Vancouver security costs were pegged at $1B. That gives three reference points for a Toronto Olympics...

Was actually genuinely interested to hear your thoughts. If you or anyone were to produce a compelling argument to change the figures we would do so. We clearly stated the methodology used. As it stands we don't believe that the purchasing parity issue is material to the argument, and we don't...

That is a valid point. We had given it some thought but infrastructure parity doesn't really translate the same way that the price of milk does (for example, the £600m stadium would not have only cost CAD$600m to build here). In the end we decided to go with a straight conversion at the average...

For clarification, as mentioned on the chart the figures are the 2012 budget converted to CAD$ and extended to 2024. Also, the data is sourced from The Guardian and if you follow the link you can see where they generated their figures. Not sure how that can be construed as distorted. We would...

There's been a lot of discussion about the revenue creating potential of an Olympics. Here's a chart of what 2024 would look like, based on London's experience. as you can see the direct games revenues don't even come close to recovering operating revenues, let alone subsidize infrastructure. In...

Here's hoping this account won't be needed, but given recent events we're not sure that's realistic. We are working on the assumption that Tory will sign off by September 15th because "it doesn't cost anything to write a letter and it keeps our options open". The UT crowd has a relatively...