The most important element in the hubbub around the City of Vancouver’s decision to “loan” private developer Millenium Developments $100 million is how we got into this position in the first place. There is a long line of decision-making that favours high-reward but high-risk ventures - starting with tapping Millenium for the project in the first place - and subsequently failing to disclose those risks to Council - by the city’s staff (either of their own volition or at the direction of “someone”). This is certainly the case when details of rival bids were not disclosed, and with the Estelle Lo’s concerns not being passed on. Information suppression is a pattern and it’s no way to run anything, let alone a city.
