The big push to sell the remaining 500 Olympic village condos starts this Saturday. As I noted previously, the city’s financial statement for last year says the city is hoping to see $200 million in deposits come in from these condo sales. In the meantime, CBC has a story about one disgruntled condo buyer there […]
Next phase of selling Olympic village condos is about to start
May 13th, 2010 · 1 Comment
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City expects $200 million from Olympic village condo deposits this year
April 20th, 2010 · 14 Comments
I never imagined, when I was spending my 20s studying the contemporary French novel, that I would enjoy reading financial statements as much as I do. But it turns out they’re just as fun as Boris Vian or Michel Butor, in their own way, like seeing where the millions go at the city. The city’s […]
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Are we preparing to be cranky again? NY Times thinks so
February 24th, 2010 · 18 Comments
Okay, some international media coverage appears that reflects a little more some of the real preoccupations of a significant number of people here. But I don’t get why even the NY Times can’t get some basic things right. The taxpayers are not carrying $1 billion in debt for the village, at least not the way […]
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A squeaker on whether Olympic village condos will sell for enough to save us from debt
February 22nd, 2010 · 15 Comments
Oh, surely with all these wonderful pictures of Vancouver being beamed around the world 24/7, we can rest assured that those Olympic village condos will sell for top prices and ensure that the Malek brothers/Millennium Developments will pay back all the money the city loaned them. Don’t be celebrating too quickly. Even the city’s chief […]
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Olympic village developers to review construction
June 29th, 2009 · 25 Comments
This just in from the PR company working with Millennium Developments. Millennium Water Construction Quality Vancouver, BC – The Millennium Water consultant group and the general contractors are in the process of evaluating the current commentary regarding the quality of construction on the Olympic and Paralympic Village Project which has to-date been, in the consultant […]
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Olympic village hit with another negative wave
June 28th, 2009 · 32 Comments
The Olympic village just can’t catch a break. The project that everyone thought would be a showpiece for the has turned into the construction project that everyone loves to report bad news on. The latest is this story in the Province, with complaints about the building practices going on. It’s not unheard of on major […]
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Reports on secret Olympic-village decisions now up on website
June 19th, 2009 · 5 Comments
The city has just posted four reports related to past decisions on Southeast False Creek and the Olympic village. I wasn’t able to spot much new that hasn’t already been reported at some length. Two of the reports were on Jeff Lee’s blog last fall. But I welcome comments from those who have a finer […]
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Olympic village bills keep piling up for city of Vancouver
June 16th, 2009 · 33 Comments
Sorry, I’m a bit behind on posting this, but here’s the story Rod Mickleburgh and I had in the Globe today on the mounting bills for Southeast False Creek. This comes from city manager Penny Ballem’s report that came out late Monday, where she tried to round up the total costs for all the city […]
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City and Millennium quietly dicker over interest rate on loan
May 19th, 2009 · 6 Comments
A recent city report (and subsequent media stories) made it sound like the financing was all settled for the Olympic village, after a lot of confusion for a while. But buried in the report was a line indicating that one important part hasn’t been settled — the interest rate that Millennium will pay on the […]
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Reaction on VPD decision that it won’t lay charges in Olympic village leak
May 12th, 2009 · 12 Comments
Peter Ladner and Suzanne Anton are not impressed. That’s the politest way of putting their reaction to the news from the VPD this morning that no charges can be laid in the case of the missing Olympic village documents. Ladner can’t believe the police need people to agree to polygraph tests in order to complete […]
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