Okay well this is a bit worrying. The two major sponsors of the Vancouver 2010 games are, GM and Nortel. It seems that both GM and Nortel are having a hard time making their ends meet though they both say they will honour their agreements. Is it just me or does anyone else have very little faith in this.
My worry is this. We’re going to have to dip into our own pockets deep to fulfill the commitments to fix this mess. As we seem to be in an era of privatized profits and socialized losses its the residents of Vancouver that will foot the bill whilst the developers keep the profits.
So we’re looking at a situation that might actually make Montreal look like it was done by financial geniuses. So take a long look at that skyline Vancouver, those old towers are going to be around for years while we pay off our folly with our future.
