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 satisfactory plan for how they will meet their obligations,” Vancouver city manager Penny Ballem confirmed this week. “Until that is satisfied, we can’t go forward.”