TORONTO — The Ontario government says this summer’s Pan Am and Parapan Am Games came within the $2.4-billion budget.
Both the province and the TO2015 organizing committee say they found tens of millions of dollars in savings compared with their March budget projections, which estimated the final cost of the Games to be upwards of $2.5 billion.
The government says the final tally will be determined after all invoices are reconciled and audited statements have been prepared.
Beloved Toronto metal music fan dies after three hospital visits in 10 days
Hammer falls on Kanye West after he praises Hitler, posts swastika
The committee had previously reported a $56-million surplus in capital expenses and Minister of Sport Michael Coteau predicted there would also be a surplus on the operations side.
Executives with the organizing committee have been told they will split $5.7 million in bonuses if the Games come in under budget.
Ontario’s auditor general will also conduct a financial audit of the Games but will not rule on the bonuses issue.