People have been waiting for four months, ever since the Olympic village went into receivership, to see what the strategy was going to be. Rumours of bulk buyers (someone who would take the whole project off the city’s hands at garage-sale prices) abounded. Plus there was a lot of sideline advice about what to do with this or that piece.

As my story here indicates, it appears the final plan (due to be filed with the court sometime this morning) will be a mix of a little this, a little that. Yes, reduced prices: up to 50 per cent on a couple of condos, with an average reduction of 30 per cent.

Some condos will be held back from sale; some will be rented out. That means not selling everything at once in desperation (so no “fire sale,” as some were hoping and as some might infer from the decreases), but moving to get it populated.

The maintenance fees for both existing and future buyers will be lowered, because of a decision to absorb the costs of the health-club’s mortgage and an expensive lease on the EnerPro energy-use monitors in every suite.

Oh, and no more Millennium Water. Instead, The Village on False Creek.