The Washington Times - January 19, 2009, 03:15PM

The global recession is endangering the construction of the athletes’ village for the 2010 Winter Olympic Games in Vancouver, British Columbia, the Globe and Mail is reporting.

British Columbia’s parliament approved an emergency bill that allows Vancouver to borrow up to $369 million to get the athletes’ village in shape. The host city’s original lender cut off funding late last year, and Vancouver had been getting by on high-interest bridge loans.

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Isn’t this bailout stuff getting a little out of hand?  Why hasn’t anyone proposed a telethon to raise money?

It’s kinda embarrassing to bid on hosting the Olympics and then have to borrow money to honor your bid.  The Canadians could have recouped a lot of their funding if they’d just market their bacon as ham.

Host cities for Olympic games incur staggering costs to prepare for the athletes, media, security and spectators that flock to them for the sporting extravaganza.  What if the participating nations chipped in to help defray the costs?  Of course, you’d need someone to make sure there was no favoritism — that nations that pay more also win more medals.  

You’d need someone to oversee that operation to ensure its integrity.  How about Rod Blagojevich?  I hear he’s going to be looking for work soon.