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The federal cabinet has authorized Olympic spending of up to $1.75 billion for Calgary’s 2026 Olympics, if the city bids for the Games and wins.

The amount was voted on this week, according to a federal source authorized to speak on the matter and interviewed by Postmedia on Friday.

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The $1.75 billion appears higher than most people involved in the bid expected from Ottawa.

But Ottawa disclosed later that the $1.75 billion total is cited in 2026 dollars, which means the real amount to about $1.5 billion when inflation is taken into account.

That $1.5 billion is the amount that would match federal and provincial funding for $3 billion in public funding.

But Ottawa is offering the money on two firm conditions.

First, the province and city would have to raise their spending to get the matching money up to $1.5 billion.

The second condition, the federal source said, is that the commitment will be cancelled if Calgarians reject the Olympic bid in the plebiscite set for Nov. 13.