Millenium Developments

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.

Millenium Developments to Receive $100-million Loan

A bit of a bombshell dropped this morning: the City of Vancouver is apparently about to loan $100 million to Millenium Developments, the company developing the SE False Creek 'Olympic Village' site.

This comes after everyone at the city was saying the project was fiscally stable, and that the city was not going to be left on the hook for anything.

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