Public Debt

Olympic Village Way Over Budget

Submitted by Zig Zag on Sun, 02/06/2011 - 19:02

Olympic Village way over budget

Athletes' housing already faces extra expenses of $60m to $65m

Katie Mercer, The Province; with files from reporter Kent Spencer
Published: Tuesday, October 07, 2008

Olympic venue costs continue to rise

Submitted by Zig Zag on Sun, 02/06/2011 - 18:49

Olympic venue costs balloon

$580-million budget will be met, VANOC maintains
Clare Ogilvie, The Province
Published: Friday, October 17, 2008

The cost of building some 2010 Olympic competition venues has ballooned by almost half, a newly-released report shows.

ICBC Olympic party plans slammed

Submitted by Zig Zag on Sun, 02/06/2011 - 18:35

ICBC Olympic party plans slammed

critics: Auto insurer should lower drivers' premiums, not put on hospitality events
Damian Inwood, The Province
Published: Sunday, October 26, 2008

ICBC plans to hire a party planner to drive its 2010 Olympic bashes.

Vancouver City Council Approves $100 million Bail-Out for Olympic Construction

Submitted by Zig Zag on Sun, 02/06/2011 - 00:15

Vancouver City Council Approves $100 million Bail-Out for Olympic Construction

CBC News, Nov 6, 2008

The City of Vancouver has agreed to lend up to $100 million to bail out the financially troubled company building the athletes village for the 2010 Olympic Winter Games, CBC News has confirmed.

More on Vancouver City Bail-Out of Olympic Village Construction

Submitted by Zig Zag on Sun, 02/06/2011 - 00:13

City of Vancouver allegedly makes secret $100M loan to Olympic developer

Pressure mounts on Vancouver city council to come clean on deal
Christina Montgomery and Damian Inwood,
The Province, Friday, November 07, 2008

Olympic Village Loan Scandal Deepens

Submitted by Zig Zag on Sun, 02/06/2011 - 00:11

Olympic loan scandal deepens

Vancouver mayoral candidate Peter Ladner prepared to lose election over secret $100M loan

By Christina Montgomery, The Province
Published: Saturday, November 08, 2008 (www.theprovince.com)

BC Auditor Withholds Olympic Report

Submitted by Zig Zag on Thu, 02/03/2011 - 20:04

B.C. auditor, province at odds over true cost of 2010 Olympics

Canadian Press, Dec 11, 2008

VANCOUVER, B.C. — British Columbia's financial watchdog says the provincial government is fudging its Olympic budget and he's refusing to release an Olympic audit until the Liberals turn over the numbers.

Olympic Athlete's Village and Debt

Submitted by Zig Zag on Thu, 02/03/2011 - 19:50

Column: Olympic Village finances getting scary for taxpayers

By Miro Cernetig, columnist, Vancouver Sun, January 4, 2009

It’s built on Vancouver’s valuable waterfront real estate. How could taxpayers ever get soaked building a glittering, billion-dollar athletes’ village for the Olympics?

Olympic Village Shock

Submitted by Zig Zag on Thu, 02/03/2011 - 19:47

Olympic Village Shock

Miro Cernetig, Vancouver Sun columnist
Published: Friday, January 09, 2009, Vancouver Sun

The news from Vancouver's Olympic Village is becoming dire. And next Thursday is the day this billion-dollar financial minefield could blow up for the world to see.

More Questions on Olympic Athlete's Village; Construction Could Halt

Submitted by Zig Zag on Thu, 02/03/2011 - 19:45

More questions in $875 million 2010 village debacle

Updated: Sat Jan. 10 2009 16:47:07, ctvbc.ca

Just 24 hours after Vancouver taxpayers were told they could be on the hook for $875 million in construction costs for the 2010 Olympic athlete's village, the city is still reeling.

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