There’s been a lot of negativity in the news lately about the increasing cost of hosting the winter games.. people seem to be getting all upset over little things like the city having made a bad bet on real estate speculation, or the fact that Standard and Poor’s have put the city on “credit watch negative” which could make future financing costs higher.
People even seem to be all grumpy that the city won’t reveal their actual agreement details with us, but this is obviously in our best interest. Math is hard, and even the smart people at city hall seem to still be trying to figure it all out… and they’ve known about this situation since summer of 2007!
But amidst all this doom n’ gloom, we have one voice of reason: Dr. Tsur Somerville of UBC says that the city is making the situation sound worse than it actually is. We probably won’t owe one billion dollars of taxpayers money once this situation is all worked out. Once the Athletes Pillage has been completed and the units can be liquidated we’ll probably have only lost $275,000,000!
Now don’t you feel better?