Tuesday, January 13, 2009

Olympic Village Boondoggle: Are The Good Folks At The VSun Serious?


Or are they just joking?

Why do I ask?

Well, because in their Editorial today, the good folks at the Sun made the following statement regarding the billion dollar boondoggle:

"As far as we know, the developer is still solvent and contractually obliged to deliver the project on its own....."

Sure thing Vancouver Sun Editor-Thingys.


If that's the case, why are they kinda/sorta suspending projects left, right and center*?

The 'developer' I mean.

And even more to the point, with all that apparent solvency flying around, why did the developer need $100 million of our money just to keep operating for the last three months?


*Here's an example of the developer's kinda/sorta 'Nanaimo Problem'.
On the plus side,
at least the VSun didn't say that the developer is in an 'enviable position'.


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