After the financial disaster of the Montreal Olympics, every Olympics organization team is concerned about whether they can pay for the Games. Montreal didn’t fully pay off it’s debt until 2006.

Is Vancouver in a similar situation?

It appears that might be the case. This article in the Vancouver daily, highlights the athlete’s village, which was supposed to be sold off as condos. In part because of the economic downturn, the condos stand three quarters empty. We’re only 8 months after the games, so there is still hope. I’d be interested to see the cost/benefit analysis of the other projects.

If you have any thoughts or links, please post in the comments.

Peter Scholtens

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