First we learn that more than 65% of market housing units in the False Creek South Athletes' Village development now known as Millennium Water remain unsold.
Now we're told that the 252 city-owned rental units earmarked for social housing sit empty as well, with various non-profits who otherwise might tender bids to operate one or more of the three available buildings stymied by City Council's unusual demands--including the handing over of any surplus revenue generated.
The cost overruns on the controversial development are admittedly severe, a situation the current Vision Vancouver-led municipal government inherited from its predecessor. However, this isn't the way to go about remedying things. Even folks at BC Housing remain perplexed.
Empty luxury condos, vacant produce aisles at Urban Fare, and rows of gleaming new exercise equipment waiting to be used at the city's newest--and most under-accessed--community centre are one thing. To abet the shortage of affordable housing in the city through such shenanigans is just plain scandalous.