April 30, 2017 3:07 pm
Updated: May 1, 2017 2:10 pm

Calgary 2026 Olympic bid update expected Monday

WATCH ABOVE: We finally have an estimate of the price tag for the 2026 Winter Olympics. As Gary Bobrovitz reports, it’s just a preliminary number at this point.

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Calgarians will get a clearer picture Monday about how realistic another another Olympic bid is for the city.

The Calgary Bid Exploration Committee (CBEC), formed last September, is set to present its interim report outlining the exploration into the possibility of bidding for “Calgary 2026.”

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READ MORE: Calgary launches 2026 Olympic exploration bid website; million-dollar hosting plan underway

The Calgary 2026 bid would be a pitch for the Winter Olympic and Paralympic Games.

The public had the chance in February to give their input on whether they thought it was a good idea for the city to host another Olympic Games, as the CBEC asked for Calgary and Bow Valley corridor residents to give their perspective on the economic, environmental and financial impacts.

A Mainstreet/Postmedia poll released in March showed more than 60 per cent of Calgarians supported a bid.

Calgary was last home to the Winter Olympics in 1988.

READ MORE: Most Calgary voters support 2026 Olympic bid: poll

Many of the venues built for the 1988 games are still standing, and could be used again, like the Olympic Oval. Others, however, like the ski facilities, would need some modifications and upgrades.

Some experts have pegged the total cost of the Olympic bid and hosting the Games at about $5.3 billion. The 2010 Winter Olympic Games in Vancouver cost $7.7 billion.

The city of Calgary gave the planning committee $5 million, much of which Mayor Naheed Nenshi said would be used to come up with a “hosting plan.”

The CBEC is expected to have a final report in July. After that, the committee will decide whether to move forward with a formal bid, which would have to be made by some time next year.

— With files from Global’s Reid Fiest. 

© 2017 Global News, a division of Corus Entertainment Inc.

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