If the Olympic Village /Condo King development on Vancouver's False Creek is only $60 million dollars over budget, why are we giving the developer, the cash-strapped Millenium Group, $100 million?
Number Two....
The developer of the Olympic Village in Vancouver, Millenium, is also having trouble making the nut on a project in Nanaimo. Interestingly, it would appear that, unlike the City of Vancouver, the City of Nanaimo is not pumping liquidity into stalled project in their own backyard. So, if that's the case, where will the money come from?
Number three....
Double interestingly, the developer of the Olympic Village in Vancouver, Millenium, is having trouble making the nut on a project in West Vancouver too. As in Nanaimo, there is no local municipality on the hook for the West Van project So, if that's the case, does it not mean that there are a whole lotta private money-shakers holding a big whack of Millenium chips? And, further, if there are, who's first in line, the money-shakers or the City of Vancouver, if things go sideways?
(Numbers four and five still to come)
Kinda makes you go hmmmmmm......no matter who you're voting for (or against).
Doesn't it?
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