When Calgary's Olympic bid appeared to be on the verge of flaming out, the bid corporation made some last minute, late night adjustments — or more specifically cuts to its budget which eliminated 1,000 units from its original housing promise. The original hosting plan, described by some as ambitious and even unrealistic, included 2,800 housing units. Most of the units, 2,100, were originally identified as non-market housing, but it's unclear what the latest promise around affordable housing involves. The budget for the housing component was slashed from $620 million to $490 million, according to the bid corporation. "We have eliminated student housing, which is the lowest demand out of all of the affordable housing, or social housing that will be left in the community," said bid corporation CEO Mary Moran.

Source: CBC News November 05, 2018 12:00 UTC