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Are we preparing to be cranky again? NY Times thinks so

February 24th, 2010 · 18 Comments

Okay, some international media coverage appears that reflects a little more some of the real preoccupations of a significant number of people here.

But I don’t get why even the NY Times can’t get some basic things right. The taxpayers are not carrying $1 billion in debt for the village, at least not the way the NY Times has written it, as though this is a bill we have to pay off over the next 30 years.

They may carry some debt if the condos don’t sell for enough, but not $1 billion. Likely not even $100 million. And why do they write that the real-estate industry came up with the plan for the Olympic village? That was the city’s dream from day one. The city assembled that land, committed itself to building a village for VANOC, and sold it off to the highest bidder.

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