No “boom” for Vancouver housing prices
Despite the enormous number of people present during Vancouver 2010 Olympics, permanent housing prices are expected to stay relatively the same, according a UBC study.
“We do not find support for the argument of host city backers that the Olympics delivers positive economic benefits, nor of the arguments made by opponents that there is some post-Olympic bust,” said Tser Somerville, a UBC professor in real estate finance for Sauder.
He suggests there is only a small “boom” in the construction employment sector during the pre-Olympic period.
The study’s co-author is Sauder PhD student Jake Wetzel, a 2008 Beijing Olympics gold medalist.
More Olympic ads: TransLink
Ads not related to the Vancouver 2010 Olympics have been removed from all BC transit services.
VANOC has purchased all available spaces for Olympic ads on TransLink skytrains and buses as part of their contract—which is estimated to be worth $17 million, TransLink spokesperson Ken Hardie told The Georgia Straight.
Hardie said that VANOC is now selling the spaces back to the other advertisers—but only those related with the Olympics.
Gag laws removed for anti-Olympic protesters
UBC Professor Chris Shaw and UBC law student Alissa Westergard-Thorpe have dropped their lawsuit against the City of Vancouver regarding the bylaws that restricted Olympic protests in certain areas, reported Canwest.
Shaw and Westergard-Thorpe filed a suit last October claiming that the Olympics bylaws infringed on their political freedom of expression, as protected by the Charter of Rights and Freedoms.
The city has made changes to the bylaw that alleviated a large part of Shaw’s concerns. The amendment removed the bylaw that outlawed anti-Games protests within a 40-block zone in Downtown Vancouver.
The BC Civil Liberties Association also dropped their legal actions after the city removed the bylaw that banned anti-Olympic signs in private homes. The restriction is now only limited to commercial signs in order to respect the rights of Olympic sponsors.
—Sarah Chung
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