Olympic Village gets a new name

tiffiant

Olympic Village gets a new name
But will it help the sales?
Jesse Johnston Feb 10, 2011 17:56:37 PM
0    Related Stories

•Four hundred and fifty Olympic Village units remain empty
•Some tenants filling affordable units at Olympic Village
VANCOUVER (NEWS1130) - The name and prices are new, but one city councillor doesn't think it's enough to get back the $780 million Vancouver is owed on the Olympic Village condos.

Marketers have re-named the project "The Village on False Creek" and are offering a 30 per cent discount on more than 200 units.

Suzanne Anton says she hopes the new marketing push helps. "My hope is to minimize the loss. There will be a loss. There is no question that the treatment by the mayor of the project put a black cloud over it for quite some time."


Marketer Bob Rennie says it's part of a two year plan. "It's a program designed to maximize prices back to the lender, which is consequently the taxpayer."

There are still 450 units up for sale in the former Athletes' Village. The marketing team says there will be no fire sale, however.

More details on prices will be released next week.

tiffiant

The Olympic Village remains a ghost-town with 450 units still up for sale.