Well, here we go again, or should I say I told you so, hot off the airwaves, Fortress wants an immediate $90 million dollars BEFORE the olympics! The story doesn`t make sense, a real sketchy news release, it`s reported the Fortress is suing Ottawa for $90 million for money it owes them,that doesn`t make sense!Another link here..With a little more information, but, from the sounds of thing the rental of Whistler/blackcomb for 3 weeks is $90 million before the games from the Federal government and more money after the games from Vanoc and the B. C. Taxpayer http://sports.sympatico.cbc.ca/News/ContentPosting?newsitemid=nypost-report-fortress-intrwest&feedname=CBC-SPORTS-V3&show=True&number=3&showbyline=True&subtitle=&detect=&abc=abc&date=True&paginationenabled=false
As I say,Vancoc left a blanc cheque to Intrawest for hosting the games....This is going to get real expensive before the games, I suspect, to the tune of 1/2 $billion dollars! What a Scam from the get-go!
But what does make sense is Fortress is literally Blackmailing the government on threat of cancelling the winter Games at Whistler......
Now I reported that SOMEONE/SOMEBODY/SOME GOVERNMENT would have to bail out Fortress to save the games, a few people were skeptics, (Read "Grdon Campbell Ponzi Scheme Olympics here) http://powellriverpersuader.blogspot.com/2010/01/gordon-campbells-ponzi-scheme-olympics.html
There were some people laughing at me on some other sites(Tyee) about a bail-out from the government,and, I said,"Fortress will never have anymore leverage than they have PRE-OLYMPICS".....Well folks,how would the Federal government owe Intrawest money? We as B.C. taxpayers are beholden to Vanoc TO RENT WHISTLER BLACKCOMB for staging the Olympics but that figure we owe/Vanoc owes, won`t be told to us until after the Olympics...
The Below link was an argument between Luke and Salty Dog...Luke went after this site and Grant G..Salty dog fought back and got Luke banned from the Tyee...But,the bottom line is..I suspected a big hit coming to the taxpayer via Fortress.http://thetyee.ca/Blogs/TheHook/Olympics2010/2010/01/20/Whistler-VANOC-miniscule-Games/
So how on earth does the Federal Government owe BEFORE the OLYMPICS...$90 million dollars?(read the CBC news release here) http://www.cbc.ca/money/story/2010/02/01/nypost-report-fortress-intrwest.html?ref=rss
Something is up folks, Fortress is cashing in for $90 million dollars...I suspect the number is $ 570 million dollars, The above CBC story talks about Fotress/ Intrawest is sueing the Federal government or threatening to sue the Federal gorventment unless "Their Made Whole" SNIP
What does made whole mean? Being paid 1/2 billion dollars to have the Taxpayer build venues and have the taxpayer pay for advertising Whistler /Blackcomb to the world for years and now we have to make "Them Whole" Snip?...
How much is the rental bill after the Olympics...Isn`t that special,this scam...Because,I warned about this rental scam last year,actually I wrote about extensively, I finally blog-posted in August,that was before these latest developments...I have no doubt the rental is going to exceed $300 million dollars, Fortress is attempting to force Federal and Provincial governments "To Buy Whistler/Blackcomb for them"....Hey,what the hell,what`s a $Billion dollars to Fortress after the Olympic village and Mountain bail-out....WoW...We bail-out and get nothing,not even any equity shares,nothing...Nice Job Gordon Campbell/Jack Poole/Ken Dobell/NPA/Larry Campbell/Sam Sullivan/Paul Barbeau/John Furlong/IOC....(Read my story from August predicting this outcome here) http://powellriverpersuader.blogspot.com/2009/08/ioc-adds-insult-to-injury-and-is.html
This story is a work in progress,stay tuned!
The Straight Goods
Cheers-Eyes Wide Open
11 comments:
Good story Grant.
$90 million? What a joke. Ski visits are up 10% at Whistler/Blackcomb this year over last. And if Fortress is threatening the interests of their creditors (the threatened cancellation of Olympic events), the creditors will immediately step in to protect their interests.
These Fortress sharks should be bankrupted ASAP. They have brought nothing but misery to BC from the Vancouver Olympic Village to Whistler. Criminal Gordo's type of folk.
BTW, Japan's Nippon Cable has a minority stake in Whistler/Blackcomb with 23 per cent. I wonder what their position is?
Meanwhile speculation exists that Vail Resorts of Colorado may be in the wings as a suitor to purchase Whistler/Blackcomb.
http://www.vaildaily.com/article/20100126/NEWS/100129666/1078&ParentProfile=1062.
And we can kick out Fortress and their Gordo cronies from BC forever.
Isn't that extortion? Isn't that illegal?
11:59
This is nuts, Fortress had Millennium development by the short hairs,Vancouver taxpayer has been whacked for hundreds of millions already bailing out Millenniun development..
Who allowed Millennium Development and Why? They had no money,no assets..
Now the company we bailed out,Millennium,who was owned by Intrawest....Who is owned by Fortress???????
How can that happen, we got set up by Millennium (whoever approved Mellennium) ...We bailed out Millennium, who gave the money to Fortress who owns Intrawest, Intrawest who owns Whistler Blackcomb.
Boy did Fortress ever catch pigeons, actually somebody in Vancouver Council in the NPA...Set this deal up.,
Everyone is looking at this end of the deal...Everything was set up on the front-end of the deal...Two bail-outs to the same company?....
Paul Barbeau..Sam Sullivan..Larry Campbell...Ken Dobell...Concert properties..Gordon Campbell..Vanoc..John Furlong..IOC...How big is this orchestrated Theft?
It's time for a class action lawsuit! against each and every person be it a politician of any level,companies and their CEOs, even individuals, who have helped contribute to this ponzi to rip off Canadians.
Grant, this story has already been buried everywhere but cbc.ca Nowhere to be found in canwest websites, the globe, the star, it's just gone!
Kim...Definately Canwest has "Lost" the story,but it`s there....
CBC has the story, but no one has the whole story, one has to put all the pieces together,right back to the NPA and Vanoc for "picking Millennium" for the village..
The whole deal must be examined,you can`t seperate the parts,2 bail-outs to one company, $90 million dollar rental??????
Minimum rental,free advertising,free taxpayer built venues, a billion person audience plus $90 million dollars plus rental??????....
We have a Vanoc Whistler/Blackcomb rental??? Now we have a Federal rental too???????
This is a wholesale robbery....$7 million dollars plus per day for rental??????
Cmon,..if everyone gave Whistler 100.00$ per day,1000 people is 100,000,00$....10,000 peopleper day giving 100,00$ to Whistler/Blackcomb adds up to 1 $million dollars per day...
A 7 $million dollar per day rental is huge, that`s like 70,000 people per day giving 1 hundred doillars in PROFIT to Intrawest/Fortress.....
This whole deal signed by Vanoc and Vancouver council for "rental" of the mountains was deliberately left wide open and subject to wide ranging legal interpetation....
We need to see the "Rental Deal" signed by Vanoc....The phrase "Made whole" is one scary legal term, and I`m saying this, no idiot would have inked that open of a rental deal,whoever signed knew exactly what they were doing!
I feel sick...
Maybe if Big White and or Silver Star started now the could groom the hills for these events in time. It's tight but they have the snow. Or do these a**holes at Fortress own those mountains as well. It sure wouldn't cost 90 Million to fly every athlete there for two weeks. Of course canned waste may have to pay something to relocate.
Then when the Owelympics are over Nationalize everything they have in this country. Just a thought.
I see they're trucking in snow. I would have thought from Whistler, as it's only up the road and there's lots. But no, it's coming from ..... Manning Park! Unbelievable. I wonder what trucking company got that contract? What a farce, everything about the owelympics is a scam except the athletes who are competing. That's it!
Gary E...The olympics aren`t going anywhere,this ponzi scheme was set up years ago,the question is not if the Federal government will pay,it`s how much will they pay,and how much will Vanoc pay to Intrawest.
I have the figure so far at $400 million dollars..$90 million from the Federal government..plus $300 million from the city of Vancouver to Fortress....That`s $400 million,and if Vanoc owes for a mountain rental sa well.....Who knows how much..
I want to see the Damn rental agreement,if the signer of said document had the authority to set no limit for the rental,and allowed terms like "To make up for losses" and the phrase "Made whole" if those terms are used with no language stating....
"The rental can only be X dollars maiximum"
Somebody signed a rental agreement,no dime of money until the agreement is shown the light of day,including the signatories!
Amazingly enough, Global TV ran the story on their late news.
This shakedown by Fortress must have been taken out of the playbook of Louie the loanshark or some other such upstanding citizen.
PLEASE, STOP THE INSANITY!
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