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Calgary council’s Olympic committee will be asked Tuesday to withdraw from negotiations for a cost-sharing agreement to fund the 2026 Winter Games, cancel the Nov. 13 plebiscite and end any further work on a bid.

Following an intense weekend of negotiations, a recommendation is expected to come forward at Tuesday’s meeting of the Olympic committee to kill the bid.

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“There were some last-ditch efforts happening (Monday) morning to salvage the bid, but it’s over,” said a senior municipal source with knowledge of the negotiations.

Committee members will be asked Tuesday to immediately terminate the bid and cancel the plebiscite — assuming a deal isn’t reached at the 11th hour to rescue the bid.

Any decision won’t be final, however, until a full vote of council can be held Wednesday.

Talks between the parties continued Monday following a fraught weekend of negotiations that saw confidential correspondence from Mayor Naheed Nenshi published by Postmedia and accusations from the province that Ottawa isn’t bargaining in good faith.