Winter Games generate lasting legacy for North Okanagan
Once the bills are paid, Greater Vernon will receive a financial legacy from hosting the B.C. Winter Games.
How much that legacy will amount to, and what it will be used for, remains to be determined.
Greater Vernon will receive 50 per cent of the savings from the Games budget, the other 50 per cent goes to the B.C. Games Society for future Games.
Local organizers also get to keep profits from souvenir sales, plus interest accrued from pre-Games GICs set up by the committee.
“The local board will decide how to proceed with the financial legacy,” said Kelly Mann, B.C. Games Society president and CEO. “Seventy-five per cent of the legacy will be reinvested into sport, and 25 per cent will go into the community, be it arts, culture, kids or seniors.”
Mann said it could take several months before the financial amount for the legacy is known.
The funds could be put into a trust for future use.
Greater Vernon Games organizing committee chairperson Akbal Mund said his group hasn’t met to discuss what to do with its legacy.
While stressing it will be a board decision, Mund would like to see the group think long-term.
“The board will decide together what to do with the money, but I want to do something that will help us not just now, but 15-to-20 years down the road,” said Mund. “We don’t have the facilities to do things like this over and over again. A lot of the facilities need upgrading.”
Mann added non-financial legacies from the Vernon Games have been established.
“Equipment that was purchased for the Games will be passed on in the community,” he said. “The Young Ambassadors and hosts, the ones wearing the green jackets, all learned new skills. Charles Bloom (Lumby) students provided us with new stanchions.
“You can see why I called the Vernon Games the best ever.”