montreal olympics debt

The PQ’s promise to hold a referendum on leaving Canada touched off a full-scale anglophone panic in bilingual Montreal, especially within the business community. The formula is pretty much set in stone, but in 1976 Montreal added a wrinkle. The Sydney Summer Olympics went on record for being among the best organized Olympic games. Apolo Anton Ohno (front) of the U.S in action during the short track … By 1975, the provincial government had seen enough: they removed Taillibert and formed the Olympic Installations Board (pdf) (OIB) in an attempt to get a handle on the construction. If Toronto seized the mantle of Canada’s financial capital, Montreal is the unquestioned capital of culture, a vibrant city of street art, sculpture and world-class jazz, fireworks, comedy and fringe festivals, the city no longer just of Leonard Cohen but of Arcade Fire and Cirque du Soleil. It turned down the heat on the city’s simmering political crisis, which had boiled over the previous October when the terrorist Front du Libération du Quebec (FLQ) kidnapped the British consul, James Cross, and the province’s deputy premier and minister of labour, Pierre Laporte.

If the relentlessly self-promoting American decathlon gold medalist Bruce Jenner caused a few eyeballs to roll, he was overshadowed by the refrigerator-built Soviet weightlifter Vasily Alekseyev, who repeated his heavyweight gold from Munich and set an Olympic record in the snatch while lifting 440kg. After clinching the 1976 Olympics, the mayor of Montreal at the time, Jean Drapeau, boasted the Games would be the first auto-financed Olympics. In the winter of the next year, that roof tore under a heavy snow load, sending a small avalanche of ice cascading on to workers preparing for a motor show. Even Claude Rouleau, head of the OIB installed to stop the bleeding, was found guilty of breach of trust for accepting gifts in connection with the Olympic construction and was ordered to pay $31,000. In the end, the athletes themselves redeemed at least some portion of the Olympic expense: the Games themselves went off relatively well. When the referendum was eventually held in 1980, Lévesque and the “yes” side lost decisively, but by the end of the 1980s Canada’s financial capital had shifted firmly from St Jacques Street to Bay Street, Toronto. To this day, in a northern Canadian city that averages roughly 50cm of snow a month in winter, the Olympic Stadium cannot be used if the snow load exceeds 3cm. When the Games finally opened, problems plagued the event itself, too. The excellent Claude Robillard Sports Centre in the city’s north end is still used by thousands of athletes, and the one-time Velodrome has been converted to the Biodome, an enormously popular indoor nature museum. Sun Life, the huge insurance company, was the first of a stream of Montreal-based corporations to move down Highway 401 to Toronto. It was really Chez Lou Lou, although no one called it that, and it featured more or less authentic Parisian ambience, right down to the surly French waiters. If you are looking to give feedback on our new site, please send it along to, To view this site properly, enable cookies in your browser. We aim to create a safe and valuable space for discussion and debate. There were political tensions that seemed to feed a creative ferment home that produced Cohen, the bombastic poet Irving Layton, the acerbic novelist Mordecai Richler, the politicians Pierre Trudeau and René Lévesque, the actor Geneviève Bujold and the film-maker Denys Arcand. As the Olympic bill nearly tripled, to $310m, Montreal Gazette cartoonist Aislin drew one of the most famous cartoons of a brilliant career: it depicted a visibly pregnant Drapeau on the phone, saying: “‘Ello? He and his chief engineer, Claude Phaneuf, selected the French architect Roger Taillibert, who had built the Parc des Princes in Paris and would also design the Olympic Village. The astronomical cost included the stadium, the Olympic village, a post-modern apartment building complex, a sports recreation complex, outdoor facilities, parking and the Vélodrome, which has since been refurbished as the Biodome. The Montreal Olympics left the city with a C$1.6bn debt, a string of corruption scandals, and a creeping sense of economic and social decline. Taillibert, Phaneuf and others shared some of the responsibility, in Malouf’s view, but Drapeau was the principal culprit, with his hands-on style and his habit of turning a blind eye to the shenanigans around him. The 1970 estimate was that the Games would cost C$120m (£65m) in total, with $71m budgeted for the Olympic Stadium itself. Their figure has been widely debunked. But the Desjardins lease, and $43-million government loan extended to refurbish the tower, seem more like a face-saving move than the first steps toward a new vocation for the Big O.

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