Some buyers sued the village last year to get out of completing their purchases. Now the village’s Salescos — those legal entities created to do the actual legal agreements — are going after those who refused to complete their purchases. The details here.

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Tomorrow is the official announcement but I went down to the sales centre on Sunday, which was hopping. All kinds of people had driven down on a whim to take a look and then parked their cars once they found out they could tour the four presentation suites available. (In contrast to the picture I’m [...]

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For your reading pleasure. Doesn’t seem to me that there’s all that much new here, but interesting to see how local events get summarized and transmitted back to Washington. Note the section on the Olympic village further down. US embassy cables: Vancouver Winter Olympics feel economic chill guardian.co.uk, Tuesday 21 December 2010 13.19 GMT Thursday, [...]

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After the news that the Olympic village was put into receivership Wednesday, all of us reporter types went galloping off in all directions to try to figure out more what this means now and in the future. I focused on the possibility of block sales of some condos to investors. CBC focused on the possibility [...]

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Here’s my more complete story in the Globe on what transpired today (and the days leading up to it) related to the Olympic village moving into receivership. But these 700 words have a hard time capturing everything that has been happening in this incredibly complex deal. (A sample of how badly it’s going to be [...]

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This story has been brewing for weeks. Okay, years. Here it is, the start anyway, of the city’s news release. More to come. The City of Vancouver and Millennium agree to receiver The City of Vancouver and Millennium Southeast False Creek Properties, the company that owns the Millennium Water development, have today negotiated an agreement [...]

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From the community grapevine: The City of Vancouver Planning Department has scheduled an Open House at the Hellenic Centre for 4 – 8 p.m. Wednesday, November 17th.   Obviously Larco Investments has gone back to the drawing board to make some changes to its development plan.  The Urban Design Panel made some recommendations for changes to [...]

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I didn’t go to the meeting until 1 a.m on the Olympic village social housing. I haven’t watched the video of the event. I don’t know every last detail. But can people please stop screaming hysterically about the abuse of process and decisions being rammed through and contempt for the public. Yes, I would have [...]

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Well, even if the 480 market condos are sitting empty, at least some people will be moving in. After some uproar when the province said none of the three non-profits who applied was suitable to run the social housing, the city took over. It has chosen, as outlined in this report, the Co-operative Housing Federation [...]

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The latest here. Plans for selling the Olympic village’s 480 empty condos have ground to a halt because the City of Vancouver is refusing to approve a new marketing plan with drastically reduced prices until the developer proves it can make up the $100-million to $200-million loss that could result. “They need to have a [...]

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