...and give first dibs to the Police and Fire Departments!
The City of Vancouver is considering a city staff report that recommends slashing the number of social housing units in the Olympic Village in order to raise more cash from the troubled project.The $1 billion dollar luxury condominium complex on the south shore of False Creek was supposed to include 252 social housing units.
But the staff report says the number should be cut in half because of the huge cost overruns for the social housing component of the development.
The report suggests that instead of selling them off, the other 126 units should be rented out at market rates, with preference being given to essential service workers, such as police and fire crews who work in the city, and want to continue living close to downtown.