The Withdrawal of The Bid
The Bid Society and CGC gave an estimate of C$1.6 billion for hosting the games and this figure was presented to the Government of Canada, the Province of Nova Scotia and the Halifax Regional Municipality on 26 January 2007. This figure was considered too high and not realistic, therefore at a meeting of the Bid Society on 7 March 2007, they provided options to reduce the budget from $1.6 billion to $1.3 billion. Without offering precise funding commitment figures, the three levels of government indicated that further reductions were still needed. The CGC and the Bid Society committed themselves to reduce this figure again to funding of approximately $1 billion ($900 million coming from the three levels of government and $100–$200 million from other sponsors such as Sport Canada and from Games revenues). The Government of Canada was committed to contribute up to $396.5 million for Halifax to host the games alone.
Sport Canada commissioned a consultant to evaluate the 2014 business plan and budgets. The “McMahon Report” was delivered to the province and regional governments in draft form without any prior review by the Bid Society or the CGC. This report was very critical of the 2014 plan and budget.
However the Bid Society required more time to present a new financial package to reduce costs down to $1 billion, but the following day on 8 March 2007 the provincial and regional governments decided to withdraw their support, which then ended the Halifax 2014 bid. The CGC would have liked to have put forward another city to represent Canada in the 2014 bid process, but this was not possible as all bidding cities had to register their intent with the CGF a year in 2006. .
Dr. Andrew Pipe, President of CGC, said:
| “ | There has been so much passion and optimism around Canada's Bid that it's hard to believe we're out of the competition. There is strong support for our bid across the country and throughout the Commonwealth and I firmly believe we had the team and the plan to win the 2014 Games. But we respect the decision taken today, and wish the two remaining bid cities the best of luck. We would also like to thank all of the Commonwealth Games Associations around the world for their input, their welcome and their support. | ” |
It was the first time that Canada had withdrawn a bid for a Commonwealth Games event.
Read more about this topic: Halifax Bid For The 2014 Commonwealth Games
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