Montreal had the privilege to host the 1976 Summer Olympics, a first for Canada. Most of the events were held in Olympic Stadium. Stade Olympique features a retractable roof operated by cables from the world’s tallest inclined tower at 541 feet. The Montreal Tower doubles as an observation attraction accessible by a two-minute elevator ride. After the Olympics, the stadium was used by professional sports teams until 2004. Since then, the 56,000 capacity stadium is reserved for special events such as concerts. Locals nicknamed it The Big Owe because total costs exceeded $1.6 billion CAD. The final payment was not made until 2006.