14 January 2009

Our province is so screwed.

If our esteemed leader had put the Winter Olympic bid to a province-wide vote, I am fairly certain it would have failed. Why? Because I know of no one who is deluded enough to think that any modern Olympics, now a bloated athletic circle-jerk run by crooks and cronies, can come in on-budget. And guess what? We are now hugely on the hook for cost-overruns for the Olympic Village (the overrun alone will cost nearly eight hundred thousand dollars per unit* by the time it's done -- are you effing kidding me?? You could buy 1100 otherwise empty condos on the Vancouver market right now for better value.)

When I say "we" I mean the province because the City of Vancouver has taken a page from the current corporate culture and stretched out its hand to government for a bailout. Harper is being all tough-love about it but Campbell will cave and we will all have to pay.

And if you think this is all Vancouver's problem, think again. The rocket scientists/flim-flam men running the Millennium Development Corporation that is behind the Olympic Village haven't been able to even begin construction on the other project bid they won -- a hotel complex adjacent to the new Nanaimo conference centre. The city council there has been trying to fine the corporation but in the meantime they are still screwed.

Meanwhile CBC is pointing out that two of the big sponsors for the Olympics are Nortel (which just filed for bankruptcy today) and General Motors (and I think we are all aware of how they're doing).

It's not just me crying foul:

Of course, part of this mess can be blamed on the current global economic situation but at the root of that is the very same thing that is at the root of the consistent cost overruns and scandals faced by both city and international Olympic committees: greed. There's a good reason it's one of the seven deadly sins.

*simple math: $875million overrun for 1,100 units.

If you want to show your disdain for the Olympic mess, how about a Vancouver 2011 bumper sticker? See the pile of rubble? Yeah.

1 comment:

Ted Godwin said...

I really have to dig out my "2011" bumper sticker and put it on the van. When we bought it it was still "uncool" to question the games. I think the mood of the Province is turning.