Vancouver Real Estate Forum What can we expect from the 2010 Olympics? April 23, 2009
Olympic Excitement Builds Only 295 Days Away! 2
2010 Benefits Generate sustainable economic benefits for host communities and regions in British Columbia and across Canada, including: Jobs Business development opportunities Trade and infrastructure improvements Economic benefits can be created by: VANOC Government partners Corporate sponsors The tourism sector Organizations and businesses involved in the Games 3
Scope of Games What s involved in organizing the Games? Some of VANOC s responsibilities include: Accommodation Accreditation Culture and Ceremonies Medical Services Press Operations Security Integration Sport Ticketing Transportation Venue Operations Volunteers Waste Management 4
2010 By the Numbers Olympic athletes and team officials (estimated) 5,500 Paralympic athletes and team officials (estimated) 1,350 Participating countries -- the Olympic Games 80+ Participating countries -- the Paralympic Games 40+ Tickets available for 2010 events 1.6 million Accredited media (estimated) 10,000 Games volunteers (estimated) 25,000 Worldwide Television viewers (estimated) 3 billion vancouver2010.com page views (estimated) 1.5 billion Visits to vancouver2010.com (estimated) 75 million 5
The Games Venues - Vancouver Extensive planning and consultation was undertaken with the community to ensure that the venues were: Fully integrated into communities A positive legacy Many are existing venues have simply been enhanced for the games 6
The Games Venues - Vancouver Cypress Mountain Freestyle Skiing and Snowboard Canada Hockey Place (GM Place) Ice Hockey UBC Thunderbird Arena Ice Hockey, Ice Sledge Hockey Hastings Park/Pacific Coliseum Figure Skating and Short Track Speed Skating Vancouver Olympic/Paralympic Centre (Hillcrest) Curling, Wheelchair Curling Richmond Olympic Oval Speed Skating 7
The Games Plan: Vancouver Cypress Mountain Freestyle Skiing and Snowboard Post-Games Use: Continued use by competitive and recreational users who will enjoy enhanced facilities 8
Cypress Mountain Completed Freestyle Venue Snowboard Venue 9
The Games Plan: Vancouver UBC Thunderbird Arena Ice Hockey, Ice Sledge Hockey Post-Games Use: Become a recreational and highperformance multi-sport legacy facility The new training arena will be easily convertible to ice sledge hockey training and competition 10
UBC Thunderbird Arena Completed 11
The Games Plan: Vancouver Canada Hockey Place (GM Place) Ice Hockey Post-Games Use: Continue to be the home of major sport and entertainment events (such as the Vancouver Canucks) 12
The Games Plan: Vancouver Hastings Park / Pacific Coliseum Figure Skating and Short Track Speed Skating Post-Games Use: Continue to host diverse events such as ice shows, boxing, basketball, hockey, concerts, large assemblies, and trade and consumer shows 13
Pacific Coliseum Completed 14
The Games Plan: Vancouver Vancouver Olympic/Paralympic Centre (Hillcrest) Curling, Wheelchair Curling Post-Games Use: Become a multi-purpose community recreation centre that includes an ice hockey rink, gymnasium, library and six to eight sheets of curling ice A new aquatic centre with a 50-metre pool and leisure pool managed by the Vancouver Board of Parks and Recreation has been constructed alongside 15
Vancouver Olympic/Paralympic Centre Completed 16
The Games Plan: Vancouver Richmond Olympic Oval Speed Skating Post-Games Use: An international centre of excellence for sports and wellness Flexible design allows for variety of sport and community function Features two international sized ice rinks, eight gymnasiums, 200-metre running track and large fitness centre The centrepiece of a major new urban waterfront neighbourhood featuring a mix of residential, commercial and public amenity development 17
Richmond Olympic Oval Completed 18
The Games Venues - Whistler Whistler Creekside Alpine Skiing Whistler Olympic/Paralympic Park (Callaghan Valley) Biathlon, Cross-Country Skiing, Ski Jumping, Nordic Combined The Whistler Sliding Centre (Blackcomb Mountain) Bobsleigh, Luge & Skeleton 19
The Games Plan: Whistler Whistler Creekside Alpine Skiing Post-Games Use: Continue to offer a world-class ski area to recreational skiers Will be a site for future international competitions and Canadian team training 20
Whistler Creekside Complete 21
The Games Plan: Whistler Whistler Olympic/Paralympic Park (Callaghan Valley) Biathlon, Cross-Country Skiing, Ski Jumping, Nordic Combined Post-Games Use: Serve to showcase Nordic sports by hosting international competitions and developing Nordic sport opportunities in the local communities Recreational use on 40 kilometers of recreational trails Operated under the direction of the Whistler Legacies Society 22
Whistler Olympic/Paralympic Park Complete 23
The Games Plan: Whistler The Whistler Sliding Centre (Blackcomb Mountain) Bobsleigh, Luge and Skeleton Post-Games Use: Showcase sliding sports by hosting international competitions and developing sliding sports opportunities in the local communities Operated under the direction of the Whistler Legacies Society 24
The Whistler Sliding Centre Complete 25
Non-Competition Venues Vancouver Olympic and Paralympic Village accommodation for athletes & officials Whistler Olympic Celebration Plaza ParalympicClosing Ceremony, nightly Victory Ceremonies Whistler Olympic and Paralympic Village accommodation for athletes & officials Vancouver Convention Centre (Main Media Centre) BC Place Stadium 26
Vancouver Convention Centre (Main Media Centre) 27
Vancouver Convention Centre (Main Media Centre) Completed March 15, 2009 Booked solid for 2011 and 2012, substantial bookings for 2014 through to 2022 No falloff with U.S. companies coming to Vancouver; People seeing what Vancouver has to offer Many convention delegates will add on personal trip Revisitation rates and delegate spending amongst the highest in world 28
Vancouver Convention Centre (Main Media Centre) 29
BC Place Opening & Closing Ceremonies, Nightly Ceremonies & Cultural Festival BC Place has stood up well over 25 years Interior renovations currently underway New roof coming 2011 30
2010: It s Games Time January 2010 Five-week Olympic and Paralympic Arts Festival begins February 12 28, 2010 Olympic Winter Games IOC March 12 21, 2010 Paralympic Winter Games 31
Real Estate Opportunities Following the Olympics? Greater interest in Vancouver from international investors in both the residential and commercial real estate markets An easing of pressure on construction trades and services following completion of major infrastructure construction will result in reduced construction costs Reduced construction costs will make affordable housing more of a possibility 32
Real Estate Opportunities Following the Olympics? Infrastructure improvements will yield development opportunities: Sea to sky corridor improvements make development of that area easier Canada Line expansion will allow for higher density, transit-oriented, developments in Richmond and South Vancouver Tourism growth in all regions of the Province 33
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