Ridiculous...all of it. 
There's a pile of evidence showing that the costs outweigh the benefits in both the short- and long- run for cities that have hosted the Olympics. Moreover, Calgary is not as financially strong as it used to be. Economically, it is a bad time to be considering the Olympics. It's a shame that there's no neutral parties on that Olympic committee. I have no intention of paying for the Olympics...I've been sitting on the fence about moving my family to a smaller community and the Olympic bid will be enough to push us into making that move.