VOICED : Olympics: Vancouver still counting the co

The video discusses the development of over 700 waterfront apartments in Vancouver for the 2010 Winter Olympics. After the event, many apartments remained unsold, leading to financial losses. The city faced challenges due to high real estate prices and reduced low-income housing availability. The economic downturn and previous council decisions exacerbated the situation, leaving a legacy of debt. Despite high costs, some apartments are still available, and the area is slowly becoming a community.

What was the primary purpose of building over 700 waterfront apartments in Vancouver?

• To establish a new industrial area

• To create a new business district

• To develop a tourist attraction

• To provide housing for the 2010 Winter Olympic athletes

What was one of the main goals of the Olympic Village project in Vancouver?

• To develop a shopping mall

• To build a new sports complex

• To establish a green housing neighborhood

• To create a new industrial zone

What financial issue did Vancouver face after the Olympics?

• A significant debt

• A surplus of funds

• A decrease in tourism

• An increase in employment

How did the city of Vancouver attempt to address its financial losses?

• By raising taxes

• By reducing the percentage of low-income housing units

• By increasing the number of low-income housing units

• By selling more land

What is a significant social issue in Vancouver as mentioned in the transcript?

• High unemployment rates

• A large homeless population

• Lack of educational facilities

• Poor public transportation