THOUGHT I WOULD POST THIS EDITORIAL FROM THE VANCOUVER PROVINCE. THIS JUST DEMONSTRATES WHAT A COMPLETE IDIOT GREGOR ROBERTSON AND HIS LEFTIST/COMMIE VISION VANCOUVER PALS ARE DOING TO VANCOUVER TAXPAYERS.....
Editorial: City must stop playing Monopoly at Olympic village
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If Vancouver taxpayers weren't freaked out enough already about the financial mess they've been saddled with at the Olympic Village, they should be in a full panic by now with the latest developments.
Earlier this week, the Housing Ministry took just one day to reject the three proposals submitted by groups hoping to operate social housing at the site. Nineteen other organizations that considered taking on the job didn't even submit bids after examining the fine print.
Now, apparently with little discussion, Mayor Gregor Robertson and his Vision-controlled council say they'll bash ahead without Victoria to run social housing at the site on their own. Is anyone taking any time in this process to ask some hard questions? If the experts in social housing can't make this site work, why does the mayor and his staff believe they can?
The village has been plagued with poor sales of its market condos and it's becoming increasingly likely the city will never get back the taxpayers' cash it put up to ensure the project's completion. Part of the reason is that buyers of expensive, high-end condos don't want to live next to social housing.
The city has shown itself to be an incompetent real-estate investor — does anyone have faith they'll do better as a landlord?
Social housing has never made sense at that site — some of the most expensive real-estate in North America. The city, as has been said before, needs to get rid of the social and other rental housing at the village and get on with selling all the units so it can do as much as possible to protect the interests of Vancouver taxpayers. The mayor and his officials need to stop playing a real-life Monopoly game with other people's money.
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