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18 November 2010

Too big to fail... my hairy, pimpled arse

GOING, GOING...
Thursday, Sep. 30, 2010 -- Although he scrupulously avoided the word “default,” Mayor Gregor Robertson said on Thursday that Millennium Development Corp. paid only $192-million of the first payment due on Aug. 31.
...GONE...
Wednesday, Nov. 17, 2010 -- After several weeks of tense negotiations that nearly led to an all-out legal battle, the troubled Olympic village has been put into receivership at the request of the city and the private developer.

City manager Penny Ballem and Mayor Gregor Robertson said the settlement was good news for the project and provided stability for the future.
You hear that Vancouver?

More "good news".

Yippee.