Pan Am Games $342M over budget: auditor general
Posted June 8, 2016 11:18 am.
Last Updated June 8, 2016 7:52 pm.
This article is more than 5 years old.
Ontario’s auditor general said last summer’s Pan Am and Parapan Am Games in Toronto came in $342 million over budget, but the province still paid more than $5 million in performance bonuses.
Officials had said spending for the Games was within the $2.4-billion budget, but Bonnie Lysyk’s audit found that the total cost was about $2.5 billion.
She said when compared to the adjusted bid budget of about $2.2 billion, the Games were actually $342 million over budget, and since Ontario committed to paying most of the cost overruns, the province was on the hook for an extra $304 million.
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The TO2015 organizing committee had agreed to pay $5.3 million to 53 senior employees if they stayed until the end of their contracts and the net operating and capital budgets were met.
Lysyk said that the full bonuses were paid, even though organizers asked the province for, and received, a $74-million increase in the net operating budget, and were responsible for managing less than two per cent of the capital budget.
The auditor general said “nonetheless,” Ontarians can take pride in the Games as they were on time, with no major incidents and Canada had its best-ever medal counts.
The report also found many computer hard drives were disposed of.
“We also were not able to obtain many computer hard drives that were disposed of by TO2015, including the CEO’s,” the report said.
The auditor general’s report will be tabled at Queen’s Park on Wednesday.
Traffic delays will likely be longer this summer thanks to last year’s Pan Am Games. Watch the video below or click here to view it.
