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Olympic village goes into receivership

November 17th, 2010 · 20 Comments

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 that will see Ernst & Young Inc. appointed as the receiver for the company. Ernst & Young Inc. will assume control of Millennium Southeast False Creek Properties and the Millennium Water development.

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