View Single Post
  #221  
Old Posted Feb 1, 2010, 11:37 PM
jsbertram jsbertram is offline
Registered User
 
Join Date: Sep 2009
Posts: 3,245
Quote:
Originally Posted by WarrenC12 View Post
I heard something like 200 sales out of 1200-1400(?) units.

The city definitely needs to be able to sell it all at market prices to have a chance of saving their financial skins.

In order to save their political skins they need to replace the social housing with even more units somewhere else.
And lets not forget there will be City & Provincial (and likely Federal) elections before they are all sold off, so it won't surprise me if the Olympic Village is an election issue, as will all the other Olympic-related cost-overruns that are discovered after the Olympic party is over.