Taxpayers pay $18M for GM Place during 2010 games

New information about how much VANOC will pay for renting Vancouver's GM Place for the 2010 Games was revealed in a court case. The big $18.5M+ CDN figure came out in a case regarding the ownership of the Vancouver Canucks NHL franchise. Signing bonuses and daily usage fees of $100,000 CDN are included in the startling figure.

Activist group 2010 Watch had this to say:

"It's very clear that VANOC got themselves severely, severely hosed by GM Place. Why? Because they could. Where else were they going to go?"

Could be worse, remember the Montreal Olympics?

Source: Globe and Mail