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Monday, January 19, 2009

Vancouver to borrow $360M for Olympic village

VICTORIA, British Columbia (AP) — The city of Vancouver will borrow more than $360 million to ensure the $800-million athletes village will be built for the 2010 Winter Olympics.

British Columbia politicians voted unanimously Sunday to support legislation that allows Vancouver to borrow the money without going to a public referendum.

Politicians debated the bill for about 20 hours straight. Opposition New Democrats had accused the government of hiding the costs of the Vancouver Olympics.

British Columbia Premier Gordon Campbell said the legislation will allow 2,000 construction workers to keep their jobs and continue a building project that will enhance the city's waterfront.

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