Big problem when the entirity of the financial details is "you will make $160m to $480m". These things are usually Voodoo economic BS. Brazil must have made billions from the world cup and Olympics..... You know the economic firm paid to make the bid look good would have found big economic benefits in the proposal.
That's just it though, Canada Soccer paid some guys to produce a report saying that if the government funded Canada Soccer's idea they would get rich.... A Nigerian prince offered me an amazing opportunity that would make me rich, all I had to do was fund it.
I had a look at that more extensive report, all the same weaselnomics: the supposed value is in future benefits, brand value for Vancouver, economic multipliers (spend $1 get a $2 or $3 as it gets on spent etc).
Branding: BC/Vancouver already had great branding, it won't gain much of anything considering it is one of the prettiest cities in the world, constantly in the lists of best cities of the world, hosted the Winter Olympics, has the famed BC wilderness and the Rockies etc.
Economic multipliers: so spend the money on a hospitals/more trains/better roads etc that provides à genuine long term benefit as well.
Economically Vancouver can leech of Edmonton, supplying goods and services in the lead up and cashing in on tourists traveling to and from the games. Free money.
I love the world cup, fixed draws, match fixing and suspicious games, corruption and all it is the Christmas of soccer. Once a yeary some people turn up at aa churc, once every 4 years non--occer people care about soccer. It is even better when someone else foots the bill.