Posts Tagged ‘Fortress Investment Group’

Posted by Jonathan Ross

“Do the contracts with Fortress/Millenium stipulate who would finance all the unplanned add’l costs or shortfalls and the City’s role re budget overruns?” – former Chief Financial Officer Estelle Lo, in an email dated October 10, 2008

The bucks stop here

Posted by Jonathan Ross

Buck

A new sign of the times at Vancouver City Hall, where someone is finally taking some responsibility over spending

In consideration of the fact that the Whistler Athletes’ Village will be handed over to 2010 Games organizers with a $1-2 million surplus in the bank, it is amazing how Vancouver’s was originally conceived and managed during the heart of construction by the previous civic administration.

First to clarify, current Vancouver City Manager Penny Ballem has introduced some major changes with the way in which capital projects are funded – namely that they are going to have to face  “more oversight, due diligence, [and] rigour in terms of our original estimates.”

This is in stark contrast to the days of Sam Sullivan and Peter Ladner, who both offered lackadaisical attitudes towards a project that was to cost hundreds of millions and advertised as a jewel in the massive global profile that Vancouver was to experience both during and after the Olympics. Read the rest of this entry »

Fri May 18, 2012

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FACT OF THE DAY

In 2010, Vancouver had fewer than half the number of murders than it had in 2009.  There were nine homicides within Vancouver’s city limits, down from 19 killings the previous year.

Quote OF THE DAY

“Perhaps it was my silk dress or the new perfume I’ve been wearing lately. When I asked Suzanne Anton what her New Year’s resolution was, she replied, “To kiss a pretty girl!” and pecked me on the cheek.”  – Writer Emily Barca describing her encounter with the lone NPA City Councillor on New Year’s Eve.

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