Vancouver Olympic Village likely won't be the only shock
Charlie Smith at The Straight itemizes the whopping expenses that Vancouver taxpayers will be expected to shoulder as the result of our migsuided affection for the Olympics.
The media went into overdrive after Vancouver Mayor Gregor Robertson said the province should amend the Vancouver Charter to permit an additional $458 million of borrowing.
In a report to council on January 12, city manager Penny Ballem said this is necessary to complete the Olympic Village.
This is just the first of many shoes that will drop in connection with the cost of hosting the Winter Olympics.
To get a sense of what you'll be paying in taxes you should read the whole piece.
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Burnaby, British Columbia, Canada