Business in Vancouver September 4-10, 2007; issue 932
NEWS HEADLINES
- 2010 Gold Rush
- Aquilini's 22-storey GM Place office tower has fall date with permit panel
- Countdown: 127 weeks until opening of the 2010 Winter Olympics.
- International Olympic Committee 2010 Coordination Commission set for return visit with VANOC brass
The circus is back in town. The good time gang known as the International Olympic Committee 2010 Coordination Commission is paying VANOC its second visit of 2007 from September 11 to 13. This time, the meetings, chaired by Rene Fasel, include the heads of the seven international sports federations that are sanctioning Vancouver 2010 competitions.
VANOC's next closed doors board meeting is September 19 in Whistler at an undisclosed location.
GM tower
Mark October 9 on your calendar.
That's when Francesco Aquilini's proposed 22-storey office tower connected to General Motors Place goes to the city's development permit panel. Aquilini wants to capitalize on downtown's hot office market, with its 3.5% vacancy rate and high rents that are second only to Calgary. Such an opportunity was a driving force behind Aquilini's interest in the arena.
The Peter Busby-designed edifice could affect VANOC's most important revenue-generating Games venue in 2010. VANOC already forked out $18.9 million – including $300,000 interest – for unspecified venue upgrades, such as buckets and buckets of paint to cover up the old Canucks colour scheme. It's also paying almost $4 million for 36 days' rent and projects $70 million revenue from ticket sales, merchandising and parking. Aquilini gets to keep food and beverage sales, which will be exponentially higher than parking.
A construction site at an all-important section of the arena – the corner of Griffiths Way and Expo Boulevard – that's used by broadcasters and those delivering all manner of goods would pose a significant logistical and security problem in 2010. But nobody has said a peep about how this can be avoided or mitigated if the sod is turned before the Games.
Maybe we'll find out on October 9.
Union fight
Aquilini's Vancouver Canucks got new uniforms. Aramark food and beverage workers at the Garage may get a new union.
UNITE HERE local 40 is staving off a raid launched by the B.C. Government and Service Employees' Union. Some 550 workers voted in July, but the ballots haven't been counted because the B.C. Labour Relations Board is considering UNITE HERE's complaint.
Powder Mountain update
Update: 2010 Gold Rush revealed last month that the RCMP is reviewing new 2010-related evidence in the never-ending Powder Mountain affair.
Now Ombudsman Kim Carter has heard the allegations of proponents Nan and Dianne Hartwick. The mother and daughter duo, who still want to build a four-season resort in the Callaghan Valley, were joined by lawyer Stuart Hankinson when they met with Carter on August 23 for an hour and a half. No details of the meeting were revealed.
Media buyer named
The other half of VANOC's advertising equation has been answered. The Hyphen Alliance – led by Vancouver's David Martin – was named creative agency of record in July. Cossette Media was quietly anointed media buyer in August. The value of the contract is a secret only VANOC and Cossette know.
Parent Cossette Communication Group is no stranger to VANOC or the Olympic movement. Blue chip clients include Bell, Coca-Cola, General Motors and McDonald's, all 2010 sponsors.
Downtown lowdown
While the Economist Intelligence Unit gives Vancouver high marks as the world's most livable city, the United Nations Population Fund painted a different picture when it released its State of the World Population 2007 in June.
An article accompanying the report described Vancouver's Downtown Eastside ghetto as "a two-kilometre square stretch of decaying rooming houses, seedy strip bars and shady pawnshops." Many of its 10,000 residents are homeless, drug- or alcohol-addicted and/or mentally ill. We know that. But did you know that the Hepatitis C rate is just below 70%, and HIV prevalence is estimated at 30%? That's comparable with Botswana, says the UNPF.
Only 127 weeks until the world media discovers "The Worst Neighbourhood in Canada" in a province that claims to be "The Best Place on Earth." •
2010goldrush@gmail.com Bob Mackin

















