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Old Jan 10th, 2009, 03:05 AM   #1
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Old Jan 10th, 2009, 09:10 PM   #2
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This is becoming a nightmare for B.C. taxpayers...

A potentially dark future for the 2010 Games

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Old Jan 10th, 2009, 09:15 PM   #3
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Wait until the dollar dips a bit more and it will be over one billion dollars. Sad.
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Old Jan 10th, 2009, 09:56 PM   #4
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Old Jan 10th, 2009, 10:23 PM   #5
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Shades of Montreal. They paid and paid and paid, for years on end.
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Old Jan 11th, 2009, 12:02 AM   #6
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Just one more reason the Olympics have outlived their usefulness.
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Old Jan 11th, 2009, 12:39 AM   #7
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Nuts to the Olympics -- bring back the World's Fairs!
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Old Jan 11th, 2009, 01:37 AM   #8
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I don't get it. The lender stopped providing funds for the developer? The City is stepping in to provide the funding for the developer?

Why is this Athlete's village project not as straightforward as the other facilities?

I can understand the security costs rising (costs to mount exercises and drills), but aren't these construction projects subject to delivery and timeline penalties to the developers? This was to be the protection to the budget (outside of the raw material costs rising last year - steel prices went up with worldwide/Chinese demand).
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Old Jan 11th, 2009, 02:06 AM   #9
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