Edmonton Expo 2017

In addition to Don Martin’s story in the National Post today, I’ve learned a few more details about the Edmonton Expo story:

The government’s top-line message on this has been one of fiscal restraint. This theme was starting to make rounds online last night and has been echoed by Finance Minister Jim Flaherty in Toronto today.

Shifting security costs were a main concern about the Expo bid. For example, original estimates of Olympic security had been about $175 million and rounded out to about $800 million when all was said and done. Organizers of the Edmonton Expo have projected security costs at $85 million, a figure which the Public Safety minister has dismissed as very conservative for a 90 day event. Actual security costs are projected closer to $1 Billion.

Alberta itself is in deficit and Alberta Finance minister Ted Morton released a provincial fiscal update describing a province in the red, projecting a deficit of $5 billion by year end.

The 2010 Shanghai World Expo had major cost overruns. Originally estimated to be $4 Billion, the cost ballooned to about $80 billion by some reports. Further, there is little evidence that a “world expo” does enough to promote the host country outside of its own borders. Olympic Games, however, are seen to be a major international success by most outside observers.

Don Martin has suggested that the nixing of the Edmonton Expo bid has also scuttled government funding for a Quebec arena. I’ve learned from sources in the PMO that this isn’t necessarily true. The government contends that funding for professional sports facilities remains the responsibility of the private sector. If any funding is to be granted it must be fair and evenly spread across the country. However, the government emphasizes that Canada is in a period of fiscal restraint.

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