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In 1997, a group of Vancouver organizers and entrepreneurs created the Vancouver Whistler 2010 Bid Society (the Society), an organization dedicated to bringing the 2010 Winter Olympics to the region. In February 1998, the Vancouver City Council officially sanctioned the Society's efforts, though declined to offer any initial funds to aid development of the proposal.
In December 1998, the Canadian Olympic Association (COA, which became the COC - Canadian Olympic Committee - in April 2002) selected Vancouver over competing cities Calgary and Quebec City as Canada's official candidate for the 2010 Winter Olympics.
On June 11, 1999, the Society's duties were incorporated into the more broadly based Vancouver Whistler 2010 Bid Corporation (BidCorp), which was responsible for organizing, developing and submitting Vancouver s official bid to the International Olympic Committee (IOC) the organization responsible for choosing Olympic host cities. BidCorp's shareholders were comprised of three classes, each entitled to one vote: municipal members (representing the City of Vancouver and the Resort Municipality of Whistler), COA members, and provincial government members.
On July 2, 2003, the IOC selected Vancouver as the site of the 2010 Winter Olympics. After this decision, BidCorp wound up its affairs and was replaced by the Vancouver Organizing Committee for the 2010 Olympic and Paralympic Games, a not-for-profit corporation responsible for the planning, organizing, financing, and staging of the Games.
During its operational life, BidCorp had a total bid budget of $34 million, with 54 percent of the funds provided by government and public corporations, and 46 percent provided by private companies and individuals. The Government of Canada and the Province of British Columbia each contributed $9.1 million to Vancouver s Olympic bid efforts, while the City of Vancouver eventually contributed $750,000.
In addition to preparing and delivering the official bid proposal to the IOC, BidCorp served several major functions. It secured the funds to support the bid candidacy by obtaining contributions of individual and corporate sponsors, the provincial government, and the federal government. Through the use of sustained advertising and related publicity programs, it promoted Vancouver as an ideal site for the 2010 Winter Olympics. It conducted feasibility, planning, and impact studies for sport venues, athlete accommodation sites, and transportation infrastructure. Finally, it provided a unified organizational voice to interact with outside parties, including governments (First Nation, municipal, provincial, federal, and foreign), businesses (sponsors and contractors), related organizations (IOC, and COA/COC) the media, and the public.