For the 2010 Olympic games the city of Vancouver built a large Olympic village to house the athletes. To pay for the construction the goal was to sell the units as condos when the games ended. However, with few buyers the development went into receivership leaving Vancouver Tax Payers on the hook.
This report will show you how much.
Notice how they are projecting a 30 million loss, do you really think that number is stable. Who thinks its actually going to go up.