Last year, the city’s financial statements came out and no one paid attention to the paragraph buried deep inside saying that the city had provided a loan guarantee of $190 million for the private developers of the Olympic village. Even councillors didn’t notice it.
It’s quite a different picture this year, where the statements detail many (though not all) parts of the city’s commitments to the Olympic village and the Southeast False Creek development in general. Much of what’s in the statements has been extensively covered in the media by now. But the statement does provide an update on the mounting city investment in the area. You can read my story here.