Ontario Delivers Pan Am/Parapan Am Games on Budget
Responsible Management Key In Hosting Most Successful Games Ever
Thanks to the province's strong fiscal oversight and the commitment by all partners, the overall cost of the TORONTO 2015 Pan American/Parapan American Games will be within the $2.4 billion budget set at bid time in 2009.
Provincial partners, including the Ministry of Transportation, the Ministry of Community Safety and Correctional Services, and the Pan/Parapan Am Games Secretariat (PPAGS) found savings in the following areas compared to March 2015 projections:
- $54 million in security
- $23 million in transportation
- $26 million unspent contingency in the Athletes' Village
- $4 million in municipal services
- $4 million in the administration of the Pan/Parapan American Games Secretariat and related initiatives
The Games Organizing Committee (TO2015) found $40 million in forecasted capital and operating savings compared to March 2015 projections:
- $30 million in operating and contingency
- $10 million in capital
Final costs will be determined after all Games-related invoices have been reconciled and audited statements have been prepared.
The highly lauded and largest international multi-sport Games ever hosted on Canadian soil welcomed 10,000 athletes and officials and millions of fans to 15 municipalities across the region. Training and sporting events were held in over 40 venues, including 25 new and upgraded world-class facilities now open for community use. 1.1 million tickets were sold and more than 31 million Canadians tuned into the national broadcast.
Supporting a successful 2015 Games is part of the government's plan to build Ontario up. The four-part plan includes investing in people's talents and skills, making the largest investment in public infrastructure in Ontario's history, creating a dynamic, innovative environment where business thrives, and building a secure retirement savings plan.
- Overall investment in the Games is estimated at $2.423 billion compared to the $2.429 billion budget set at bid time in 2009.
- The Games have been an important economic driver, creating 26,000 jobs and growing Ontario’s GDP $3.7 billion by 2017.
- Moneris Canada reported spending boosts in areas close to Games venues and an 18.7 per cent increase in international credit and debit card transactions over the previous year for the same period.
- As a result of the Games, new and upgraded infrastructure will enable more than 90,000 hours of community sport and recreation use for the public on an annual basis.
- In addition, more than 1,000 new full, part time and seasonal jobs have been created thanks to new and upgraded Games infrastructure.
- More than 1.4 million Ontarians and visitors attended Games celebration sites.
“The Pan/Parapan Am Games were a win for athletes, for fans and for Ontario. I am proud to say that we delivered the most successful Games ever and left a legacy that will benefit Ontarians for generations to come. Through strong financial management, we came in on budget - a significant accomplishment for any Games of this size and scope.”
“We set a high standard to deliver these Games and we achieved that, thanks to a skilled and dedicated team, and strong cross sector partnerships. After years of hard work, it’s rewarding to know that we raised the bar of excellence for future Pan Am and Parapan Am Games, and through effective fiscal management and stewardship, we came in under budget.”