The Ontario government says this summer’s Pan Am and Parapan Am Games came within the $2.4-billion budget.
Both the province and the TO2015 organizing committee say they found millions of dollars in savings compared with their March budget projections, which estimated the final cost to be upwards of $2.5 billion.
Final costs will be determined after all Games-related invoices have been reconciled and audited statements have been prepared.
The committee had previously reported a $56-million surplus in capital expenses and Minister of Sport Michael Coteau predicted there would also be a surplus on the operations side.
Some highlights include a $36 million profit for the 1.1 million tickets sold. More than 31 million Canadians tuned into the national broadcast.
The government says as a result of the Games, new and upgraded infrastructure will enable more than 90,000 hours of community sport and recreation use for the public on an annual basis.
The province added that the Games have been an important economic driver, creating 26,000 jobs and growing Ontario’s GDP $3.7 billion by 2017.
Executives with the organizing committee have been told they will split $5.7 million in bonuses if the Games come in under budget.
Ontario’s auditor general will also conduct a financial audit of the Games but will not rule on the bonuses issue.