Vancouver's finance director recommended that the city take over the financing of the 2010 Olympic athletes' village to save money and ensure the project is completed on time.
Kenneth Bayne suggested on Tuesday that the city borrow the remaining $356 million (euro275 million) needed to finish the village and advance the next construction payment due to developers.
"Given the lender's unwillingness to provide additional financing and the conditions in the market, that in fact if we are going to meet our Olympic commitments and meet those deadlines this may be the only way to ensure that can happen," Bayne told the city council.
The …
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