Business Plan and Games Budget for 2010 released by VANOC

The Vancouver Organizing Committee (VANOC) has revealed it's full Business Plan and Games Budget for the 2010 Winter Olympics in Vancouver.

The highlights include:

• The Games Operating Budget is $1.6B (CDN) total, with all costs included less construction costs.
• 74% of the budget comes from private sources, including "international and domestic sponsorships, licensing and merchandising, ticket sales and fundraising, and a portion of the worldwide sale of Games television broadcast rights."
• The International Olympic Committee (IOC) is responsible for $579M of funding, plus an additional $35M that was apparently "negotiated at the last minute".
• Venue construction is funded by the Government of Canada and the Province of British Columbia, filling in the remaining 26% of total funding, with each kicking in $290M.
• The two biggest construction/upgrading costs are $104.9M for the Whistler Sliding Centre, and $119.7M for the Whistler Nordic Competition Venue.
• With a 95% ticket sale ratio, $231M in revenue is expected.

Source: VANOC Business Plan and Games Budget