G-20 Summit: '$1 Billion Boondoggle'? - Spokane, North Idaho News & Weather KHQ.com

G-20 Summit: '$1 Billion Boondoggle'?

TORONTO, Canada. - A prime international marketing opportunity for Canada, or a $1 billion boondoggle?

The G-20 and G-8 financial summits this weekend in Toronto and Huntsville, Ontario, have been a topic of rabid debate across the nation as Canadians sound off on the merits of hosting three days of meetings of world leaders that will leave taxpayers footing a whopping bill.

A report released this week by the Parliamentary Budget Office says the two summits are expected to cost Canadians C$930 million (US$893 million) in security alone, including more than C$500 million for the Royal Canadian Mounted Police. Together with other hosting costs — including nearly C$2 million for a marketing and media pavilion in Toronto that includes a "fake lake" — the total tab will run well north of C$1 billion.

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