Richmond’s Olympic Oval is poised to receive about a million dollars less per year, after a motion was put forward to cap a municipal subsidy to the facility at $2.5 million annually.
The motion, put forward by Councillor Kash Heed, is expected to be approved by council next week.
On average the subsidy has been about $3.5 million per year, and more in recent years.
The Oval received $3.904 million in 2023, $4.001 million in 2024 and $3.574 million in 2025.
Canadian Taxpayers Federation B.C. director Carson Binda believes $2.5 million a year is still too much of a subsidy
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“Look, there’s been a consistent culture of waste at the Olympic Oval,” he said.
The Oval is undergoing a forensic audit for possible fraudulent activity.
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Global News has also reported that Richmond Olympic Oval CEO George Duncan’s compensation last year totalled $582,000.
He was among eight people from the Oval and city who went on a secret European junket, costing more than $77,000.
In the months ahead, there could be more changes coming at the Oval.
Richmond council has directed the city’s chief administrative officer to review possible options for replacing the Oval Corporation.
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