Ontario’s Auditor General, Bonnie Lysyk, has released a report on last year’s Pan Am Games and it’s not a pretty picture.
Let’s get right to the bottom line; the Games came in $342 million over budget, and, as you might expect, there is a Hamilton connection .
Part of the cost overrun was due to the Hamilton stadium fiasco, which appears to be never ending.
The Auditor General did point out that the Games did run smoothly and we should be proud of that.
To be fair, athletic events like the Pan Am Games always seem to bleed red ink, so this should come as no surprise .
But , as troubling as the $342 million cost overrun is, what really bothers me is the fact that senior executives from the Pan Am Committee received over $5 million in bonuses, for a job well done.
And that’s on top of $10 million in bonuses for the Pan Am staff just for hanging around until the Games were completed.
I just can’t understand giving bonuses to anyone when the Games finished $342 million in the hole.
As you might expect, the government disagrees with the Auditor General’s accounting, but they’re missing the point.
Running a deficit is bad enough, but giving bonuses to the people responsible is adding insult to injury.