Olympics: Vancouver's bid hits a wall

Olympics: Vancouver bid hits a wall

DAY

The Government of British Columbia said in a statement Thursday that it will not support the City of Vancouver in securing the 2030 Olympic and Paralympic Games.  

The proposed bid by four First Nations was accepted by Vancouver City Council last July. Tourism, Arts, Culture and Sport Minister Lisa Beare, however, declined the committee's offer, saying the costs would be too great to bear. 

Furthermore, hosting the 2026 Soccer World Cup and 2025 Invictus Games will already place Vancouver in the limelight in the next decade, it is judged by the government.

“There has billions of dollars in direct costs, and the potential warranty and indemnification risks associated with this project could compromise our government's ability to deal with the pressures that British Columbians are currently facing,” Beare said. .

For the Lil'wat, Squamish, Musqueam and Tsleil-Waututh nations, who carried the project on their shoulders, it's a disappointment. This initiative was intended as a step towards reconciliation. The government has nevertheless kept the door open for future partnerships and dialogue with First Nations.

Cities and regions wishing to host the 2030 Games must submit their bid to the International Olympic Committee by February next.