Sullivan's defense of his financial decisions are likely to be shredded by the auditors of KPMG.
I am still awaiting the KPMG report that will expose the complete incompetence, and some might say impropriety, of the previous NPA council with regards to the mismanagement of the Olympic Village.
In the mean time, however, I will direct readers to this smug editorial written by former Mayor Sam Sullivan in January, 2009. In it, he seems to argue that as a result of the Property Endowment Fund’s (PEF) enviable size, the Olympic Village and the manner in which taxpayers money was handled is not worthy of concern. If losses are attributed to the PEF instead of the annual operating budget, everything is fine, according to Sam.
