Toronto is hosting the G20 and G8 summits shortly and the security estimate is now 1.1 Billion. That's just the security! The costs for the events, services etc will probably double that number and because this is a government operation, we'll never know the true cost. My bet is 50% more at least.
Plus they are going to gridlock Canada's largest city for a couple weeks.
Here's a map of the fence (in yellow):
Bay street is the heart of the Financial district (small version of Wall St.) and this is right down town.
What a total waste of money. Don't these jackasses know how to use the phone? How about a video conference? Maybe meet at the UN. It's mostly useless anyway, may as well use it for something else useless.
Here we all are tightening our belts and these guys spend OUR TAX DOLLARS on a crappy party that they pretend is going to solve problems between them.
In fact all the issues on the table will be resolved before the meetings so they can smile for the cameras and say they fixed how to put a round peg in a square hole or some other useless 'issue'.
Arrrrg I can think of a thousand better ways to spend a couple billion.