SE False Creek Transparency Needed: Tim Stevenson, Oct 16th

In what has quickly replaced the Transit-fine debacle as the largest issue in the civic election (thankfully), the various sides are making their statements and spinning the apparent $100-million loan to Millenium Developments.

Peter Ladner will appear on CBC Radio this morning to explain why in-camera meetings are sometimes important - why the public needn't know when the city decides to loan out a hundred million dollars.
That should be fun.

Perhaps more telling than an interview in hindsight would be a review of city council minutes from the time around the in-camera meeting. One item stands out immediately (PDF here): Tim Stevenson tabled a motion on October 16th, two days after the apparent decision to guarantee the $100-million loan, demanding that "Any decision requiring the city to commit funding to the Southeast False Creek development be made in public". The motion was ruled 'out of order' by Mayor Sam Sullivan.

The motion can be found below:

WHEREAS:

1. The recent financial crisis has created challenges for the Southeast False Creek project, and may result in an increased burden on city taxpayers;
2. The Southeast False Creek project is integral to the success of the 2010 Olympics, and that the city is obligated to complete the project in time for the Games;
3. City taxpayers have a right to be informed as much as possible on the emerging developments around the Southeast False Creek project, in light of the recent financial crisis;
4. The City needs to work closely and constructively with the development community to ensure the project is fiscally responsible, and that all efforts are undertaken to prevent any undue burden for City taxpayers; and
5. The Southeast False Creek project will be a legacy development of the 2010 Games.

THEREFORE BE IT RESOLVED
Any decision requiring the city to commit funding to the Southeast False Creek development be made in public.