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	<title>Comments on: Audit highlights weak bid process on Olympic village, city risks</title>
	<atom:link href="http://www.francesbula.com/olympic-village/audit-highlights-weak-bid-process-on-olympic-village-city-risks/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.francesbula.com/olympic-village/audit-highlights-weak-bid-process-on-olympic-village-city-risks/</link>
	<description>Vancouver city life and politics</description>
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		<title>By: Ed Thoma</title>
		<link>http://www.francesbula.com/olympic-village/audit-highlights-weak-bid-process-on-olympic-village-city-risks/comment-page-1/#comment-15533</link>
		<dc:creator>Ed Thoma</dc:creator>
		<pubDate>Sun, 18 Oct 2009 23:00:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.francesbula.com/?p=2100#comment-15533</guid>
		<description>Please could you give the name of the executive in charge of the millennium olympic village.
His photo was shown on the front page of the 
Vancouver Sun Feb. 18th 2009 edition</description>
		<content:encoded><![CDATA[<p>Please could you give the name of the executive in charge of the millennium olympic village.<br />
His photo was shown on the front page of the<br />
Vancouver Sun Feb. 18th 2009 edition</p>
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		<title>By: Frothingham</title>
		<link>http://www.francesbula.com/olympic-village/audit-highlights-weak-bid-process-on-olympic-village-city-risks/comment-page-1/#comment-15327</link>
		<dc:creator>Frothingham</dc:creator>
		<pubDate>Thu, 08 Oct 2009 03:38:27 +0000</pubDate>
		<guid isPermaLink="false">http://www.francesbula.com/?p=2100#comment-15327</guid>
		<description>The sad truth is that Big Events have transpired to overwhelm the meagre talent pool at City Hall and the Provincial Libs. The naive belief that the &quot;olympic games&quot; would bring ...what.. prosperity? fame? the world to our doorstep? ...  was over hyped. There was this dreamy view that Manna from Heaven would rain down on us. Make us Rich!  Well the big events are about to lay a big doo-doo on us. 

PS there were many in the developed world, if they are honest, who had predicted that disaster was in the offing for such a short time-lined project.  No way , many said,  will the project come in on budget much less be of a high quality. Bingo!</description>
		<content:encoded><![CDATA[<p>The sad truth is that Big Events have transpired to overwhelm the meagre talent pool at City Hall and the Provincial Libs. The naive belief that the &#8220;olympic games&#8221; would bring &#8230;what.. prosperity? fame? the world to our doorstep? &#8230;  was over hyped. There was this dreamy view that Manna from Heaven would rain down on us. Make us Rich!  Well the big events are about to lay a big doo-doo on us. </p>
<p>PS there were many in the developed world, if they are honest, who had predicted that disaster was in the offing for such a short time-lined project.  No way , many said,  will the project come in on budget much less be of a high quality. Bingo!</p>
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		<title>By: Hoarse Whisperer</title>
		<link>http://www.francesbula.com/olympic-village/audit-highlights-weak-bid-process-on-olympic-village-city-risks/comment-page-1/#comment-15324</link>
		<dc:creator>Hoarse Whisperer</dc:creator>
		<pubDate>Thu, 08 Oct 2009 01:54:57 +0000</pubDate>
		<guid isPermaLink="false">http://www.francesbula.com/?p=2100#comment-15324</guid>
		<description>Joe Just Joe, 

I don&#039;t expect the White Spot to close down, but pending my report from KPMG on &quot;possible future scenarios&quot; taking place at the venerable west coast culinary institution  (one being that that possible/pending city staff lay-offs might see personnel trotted across 12th Ave in order to &#039;beef&#039; up table service at WS---at a reduced hourly minimum wage of course. They can then continue working on city business in between serving up Chicken Pik&#039;ns and Pirate Paks, with the benefit of having private enterprise pay some of their wage, while lessening the burden on taxpayers and freeing up some of that propoerty tax money. We could declare that particular location a special economic zone, sort of a maquiadora North, in order to avoid nasty union fights), I reserve the right to change the venue to the McDonald&#039;s at Terminal and First.

Now, will that be fries with your &quot;six of one, half a dozen of the other&quot; report?</description>
		<content:encoded><![CDATA[<p>Joe Just Joe, </p>
<p>I don&#8217;t expect the White Spot to close down, but pending my report from KPMG on &#8220;possible future scenarios&#8221; taking place at the venerable west coast culinary institution  (one being that that possible/pending city staff lay-offs might see personnel trotted across 12th Ave in order to &#8216;beef&#8217; up table service at WS&#8212;at a reduced hourly minimum wage of course. They can then continue working on city business in between serving up Chicken Pik&#8217;ns and Pirate Paks, with the benefit of having private enterprise pay some of their wage, while lessening the burden on taxpayers and freeing up some of that propoerty tax money. We could declare that particular location a special economic zone, sort of a maquiadora North, in order to avoid nasty union fights), I reserve the right to change the venue to the McDonald&#8217;s at Terminal and First.</p>
<p>Now, will that be fries with your &#8220;six of one, half a dozen of the other&#8221; report?</p>
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		<title>By: FBT</title>
		<link>http://www.francesbula.com/olympic-village/audit-highlights-weak-bid-process-on-olympic-village-city-risks/comment-page-1/#comment-15323</link>
		<dc:creator>FBT</dc:creator>
		<pubDate>Thu, 08 Oct 2009 00:00:54 +0000</pubDate>
		<guid isPermaLink="false">http://www.francesbula.com/?p=2100#comment-15323</guid>
		<description>A reasoned voice from the NPA....good job Mr. Bickerton. 

Unfortunately you&#039;re on the board and not in public office and getting the media attention your councillor gets from time to time.

Anton is not doing a very good job considering how much fodder Vision continues to give your party to work with.</description>
		<content:encoded><![CDATA[<p>A reasoned voice from the NPA&#8230;.good job Mr. Bickerton. </p>
<p>Unfortunately you&#8217;re on the board and not in public office and getting the media attention your councillor gets from time to time.</p>
<p>Anton is not doing a very good job considering how much fodder Vision continues to give your party to work with.</p>
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		<title>By: Sean Bickerton</title>
		<link>http://www.francesbula.com/olympic-village/audit-highlights-weak-bid-process-on-olympic-village-city-risks/comment-page-1/#comment-15322</link>
		<dc:creator>Sean Bickerton</dc:creator>
		<pubDate>Wed, 07 Oct 2009 23:14:28 +0000</pubDate>
		<guid isPermaLink="false">http://www.francesbula.com/?p=2100#comment-15322</guid>
		<description>The tangled tale of the Athlete&#039;s Village spans three administrations including pivotal decisions taken by the last  COPE administration of Larry Campbell, which featured a prominent role by now-Councillor Geoff Meggs, our Mayor&#039;s right-hand man.

It also features important votes cast by David Cadman, Ellen Woodsworth, Raymond Louie and  Tim Stevenson, among other councillors in Mayor Robertson&#039;s governing coalition.

Miro Cernetig said explicity in his article on Monday that voters should be angry, very angry, a point with which I completely agree. 

But he also goes on to state:  &quot;And don&#039;t fall into the trap of making it a left-right, Non-Partisan Association-versus-Vision blame game, as the local spin doctors hope. This fiasco stretches back a few administrations, touches both civic parties and it isn&#039;t over yet.&quot;

My take, like Mr. Cernetig&#039;s, is that there&#039;s plenty of blame to go around. So I find the Mayor&#039;s remarks intemperate at best, and at worst a cynical attempt to politicize the Athlete&#039;s Village and the entire Olympics by extension. 

The Olympics should be above this kind of petty partisan squabbling. That it&#039;s not is a failure of leadership.</description>
		<content:encoded><![CDATA[<p>The tangled tale of the Athlete&#8217;s Village spans three administrations including pivotal decisions taken by the last  COPE administration of Larry Campbell, which featured a prominent role by now-Councillor Geoff Meggs, our Mayor&#8217;s right-hand man.</p>
<p>It also features important votes cast by David Cadman, Ellen Woodsworth, Raymond Louie and  Tim Stevenson, among other councillors in Mayor Robertson&#8217;s governing coalition.</p>
<p>Miro Cernetig said explicity in his article on Monday that voters should be angry, very angry, a point with which I completely agree. </p>
<p>But he also goes on to state:  &#8220;And don&#8217;t fall into the trap of making it a left-right, Non-Partisan Association-versus-Vision blame game, as the local spin doctors hope. This fiasco stretches back a few administrations, touches both civic parties and it isn&#8217;t over yet.&#8221;</p>
<p>My take, like Mr. Cernetig&#8217;s, is that there&#8217;s plenty of blame to go around. So I find the Mayor&#8217;s remarks intemperate at best, and at worst a cynical attempt to politicize the Athlete&#8217;s Village and the entire Olympics by extension. </p>
<p>The Olympics should be above this kind of petty partisan squabbling. That it&#8217;s not is a failure of leadership.</p>
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		<title>By: T W</title>
		<link>http://www.francesbula.com/olympic-village/audit-highlights-weak-bid-process-on-olympic-village-city-risks/comment-page-1/#comment-15321</link>
		<dc:creator>T W</dc:creator>
		<pubDate>Wed, 07 Oct 2009 23:05:44 +0000</pubDate>
		<guid isPermaLink="false">http://www.francesbula.com/?p=2100#comment-15321</guid>
		<description>The saddest part of this mess is the confirmation that for the past 9 years, the previous mayors (as chair of the council) and  the previous city managers (as chief operating officers) either would not or could not  assess risk properly.

And we are (probably) left with a distasteful tax burden as a consequence of the council either not asking enough questions, or council not being given sufficient information or the respective mayors and city managers falling into the (well known) trap of optimism bias.</description>
		<content:encoded><![CDATA[<p>The saddest part of this mess is the confirmation that for the past 9 years, the previous mayors (as chair of the council) and  the previous city managers (as chief operating officers) either would not or could not  assess risk properly.</p>
<p>And we are (probably) left with a distasteful tax burden as a consequence of the council either not asking enough questions, or council not being given sufficient information or the respective mayors and city managers falling into the (well known) trap of optimism bias.</p>
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		<title>By: Denis</title>
		<link>http://www.francesbula.com/olympic-village/audit-highlights-weak-bid-process-on-olympic-village-city-risks/comment-page-1/#comment-15320</link>
		<dc:creator>Denis</dc:creator>
		<pubDate>Wed, 07 Oct 2009 22:23:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.francesbula.com/?p=2100#comment-15320</guid>
		<description>The folks who set up the origional deal were either stupid or uncaring. The city is going to pay and pay and pay.</description>
		<content:encoded><![CDATA[<p>The folks who set up the origional deal were either stupid or uncaring. The city is going to pay and pay and pay.</p>
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		<title>By: Joe Just Joe</title>
		<link>http://www.francesbula.com/olympic-village/audit-highlights-weak-bid-process-on-olympic-village-city-risks/comment-page-1/#comment-15319</link>
		<dc:creator>Joe Just Joe</dc:creator>
		<pubDate>Wed, 07 Oct 2009 21:36:23 +0000</pubDate>
		<guid isPermaLink="false">http://www.francesbula.com/?p=2100#comment-15319</guid>
		<description>What happens if that White Spot closes down, with the reducation in manpower at cityhall and the pursestrings being closed I wouldn&#039;t be surprised if that location closed.  Did you know that location happens to be unionized and is already has some of the lowest margins.

Here&#039;s my prediction for the a headline, just before Fall 2011. 
 Gregor announces Olympic Village profits to fund new bicycle crossing for False Creek.</description>
		<content:encoded><![CDATA[<p>What happens if that White Spot closes down, with the reducation in manpower at cityhall and the pursestrings being closed I wouldn&#8217;t be surprised if that location closed.  Did you know that location happens to be unionized and is already has some of the lowest margins.</p>
<p>Here&#8217;s my prediction for the a headline, just before Fall 2011.<br />
 Gregor announces Olympic Village profits to fund new bicycle crossing for False Creek.</p>
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		<title>By: Hoarse Whisperer</title>
		<link>http://www.francesbula.com/olympic-village/audit-highlights-weak-bid-process-on-olympic-village-city-risks/comment-page-1/#comment-15318</link>
		<dc:creator>Hoarse Whisperer</dc:creator>
		<pubDate>Wed, 07 Oct 2009 21:07:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.francesbula.com/?p=2100#comment-15318</guid>
		<description>I agree with all posters, but, I would be surprised to learn that the City didn&#039;t check on Millenium&#039;s financing and found it lacking ---at the time.  Since the developer Millenium was backed by Fortress, (in effect ,their banker) and there was unsold inventory and the whole market and credit crisis was coming to a head last fall, Fortress was in the driver&#039;s seat. Did the city have an obligation to check out Fortress, too?  Did they? Would the Bank of Montreal or any other Canadian bank have  pulled out of a Millenium project under similar similar circumstances? I don&#039;t know the answer to that piece of speculation ---that would be an interesting question, given that perhaps their lending criteria are different from Fortresses&#039;? But I dare say that other projects in North America faced similar situations, and that is of interest to me. For instance, I understand that HSBC pulled out of the Bear Mountain development in Victoria---I don&#039;t know if that was due to market conditions or to some fancy bookkeeping by Len Barrie and his group.

We will know how the city fare&#039;s when that last Millenium condo is sold---possibly, before the next election cycle? ;-)

Prognosticators, Futurists: Please, post your headlines on that great occasion, now! 

The one closest to the actual headline will be treated to a fantastic Triple O hamburger and fries at the White Spot on Cambie by City Hall.</description>
		<content:encoded><![CDATA[<p>I agree with all posters, but, I would be surprised to learn that the City didn&#8217;t check on Millenium&#8217;s financing and found it lacking &#8212;at the time.  Since the developer Millenium was backed by Fortress, (in effect ,their banker) and there was unsold inventory and the whole market and credit crisis was coming to a head last fall, Fortress was in the driver&#8217;s seat. Did the city have an obligation to check out Fortress, too?  Did they? Would the Bank of Montreal or any other Canadian bank have  pulled out of a Millenium project under similar similar circumstances? I don&#8217;t know the answer to that piece of speculation &#8212;that would be an interesting question, given that perhaps their lending criteria are different from Fortresses&#8217;? But I dare say that other projects in North America faced similar situations, and that is of interest to me. For instance, I understand that HSBC pulled out of the Bear Mountain development in Victoria&#8212;I don&#8217;t know if that was due to market conditions or to some fancy bookkeeping by Len Barrie and his group.</p>
<p>We will know how the city fare&#8217;s when that last Millenium condo is sold&#8212;possibly, before the next election cycle? <img src='http://www.francesbula.com/wordpress/wp-includes/images/smilies/icon_wink.gif' alt=';-)' class='wp-smiley' /> </p>
<p>Prognosticators, Futurists: Please, post your headlines on that great occasion, now! </p>
<p>The one closest to the actual headline will be treated to a fantastic Triple O hamburger and fries at the White Spot on Cambie by City Hall.</p>
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		<title>By: Urbanismo</title>
		<link>http://www.francesbula.com/olympic-village/audit-highlights-weak-bid-process-on-olympic-village-city-risks/comment-page-1/#comment-15312</link>
		<dc:creator>Urbanismo</dc:creator>
		<pubDate>Wed, 07 Oct 2009 12:24:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.francesbula.com/?p=2100#comment-15312</guid>
		<description>This is tedious!  

What else can KPMG do other than blame the process: they are in the business of staying in business.  

The city should never have become involved in the &quot;train wreck&quot;: other than panic, there was no need.   

&quot;Real estate is on the rebound!&quot; In rarefied quarters that is called &quot;a dead cat bounce.&quot;

Vancouver has only one &quot;industry&quot; . . . inflated real estate: and that in a continuing and damaged world economy bodes ill for the &quot;biz as usual green shooters.&quot;

We should not have invited to 5 O&#039;s.  Huh!

But all we can do now is wait and see .  . . and hope!</description>
		<content:encoded><![CDATA[<p>This is tedious!  </p>
<p>What else can KPMG do other than blame the process: they are in the business of staying in business.  </p>
<p>The city should never have become involved in the &#8220;train wreck&#8221;: other than panic, there was no need.   </p>
<p>&#8220;Real estate is on the rebound!&#8221; In rarefied quarters that is called &#8220;a dead cat bounce.&#8221;</p>
<p>Vancouver has only one &#8220;industry&#8221; . . . inflated real estate: and that in a continuing and damaged world economy bodes ill for the &#8220;biz as usual green shooters.&#8221;</p>
<p>We should not have invited to 5 O&#8217;s.  Huh!</p>
<p>But all we can do now is wait and see .  . . and hope!</p>
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