According to the new government sponsored studies, Vancouver 2010 Winter Games not only brought home a heavy medal haul for Canada, it turned out to be a rousing financial success for Canada and British Columbia. The studies revealed the Olympic and Paralympic Games released on Friday before the Vancouver Organizing Committee unveiled its final financial.
VANOC said, "$1.884 billion in operations resulted in neither surplus nor deficit, and that the $603-million venue development program also came in on budget"
The federal minister Gary Lunn said, "It is clear in these reports that hosting the 2010 Winter Games has created lasting legacies that will benefit Canadians for years to come".
B.C. Finance Minister Colin Hansen said, "We've always believed that the Games would provide the catalyst for economic, social, and athletic development provincially and nationally. These preliminary results are significant, and we know that when we measure 2010 fully, we'll see that British Columbia got an even more powerful economic lift from the Games, just when we needed it most."
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