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Mayor Naheed Nenshi says he’ll urge councillors to cancel the city’s Olympic bid unless a funding deal is reached over the weekend.

The revelation came in a letter sent late Friday to Prime Minister Justin Trudeau.

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“If we cannot come to a mutually agreeable conclusion by Monday, I deeply regret that I will have no choice to but request that Calgary City Council cancel the plebiscite and thus terminate the bid; an event none of us want. . . .,” it reads.

Postmedia obtained a copy of the letter, which Nenshi copied to senior officials in the prime minister’s office, as well as Premier Rachel Notley and her chief of staff, Nathan Rotman.

The letter was triggered byFriday’s Postmedia revelation that the federal cabinet had decided to fund up to $1.75 billion in 2026 dollars, but only if the province and city match the total.

“It is clear there has been a tremendous misunderstanding of the nature of the required funding amongst the three government partners and now we are in a position where we cannot show citizens how the required public contribution could be met,” Nenshi wrote.