[mobglob-discuss] Bid Corp Conflicts of Interest (part 5)

[Bella]

FOR IMMEDIATE RELEASE
February 18, 2003

RE: POTENTIAL BID CORP CONFLICTS OF INTEREST AND DEMANDS FOR DISCLOSURE

NO GAMES spokesperson Chris Shaw again demanded a full disclosure by all 
Vancouver-Whistler Olympic Bid Corp directors of any financial holdings 
that 
might benefit by the Games coming to Vancouver in 2010.  "Bid Corp 
directors 
have a responsibility to the public to ensure that there is no potential 
for 
any conflicts of interest arising from the Bid.  Bid Corp members must 
either declare that neither they, their families, nor any of their 
business 
interests will profit from the Games or they must immediately remove 
themselves from the board of directors".

Shaw cited the case of Concert Properties, a major land development and 
realty company which has 4 of its current board serving either in the Bid 
Corp or on Team 2010, the latter running the Yes campaign.  Shaw stated 
that, "Mr. Podmore, Mr. Poole, Mr. Tennessy, and Mr. Georgetti need to 
make 
clear to the citizens of Vancouver and BC that Concert Properties will not

bid on any of Olympic venues". Shaw noted that Concert had previously bid 
on 
the Convention Centre and has built condos and ski resort facilities, the 
same sort of projects that would be required for the Olympics.

Shaw also noted that Bid Corp directors Caleb Chan, Stanley Kwok, and 
David 
McLean have land and real estate holdings that could benefit from 
Vancouver 
getting the Games.

NO GAMES also demands the release of all financial statements of the Bid 
Corp to enable the public to monitor the expendature of public funds.  
Shaw 
said, "Most of the money the Bid Corp has used to date comes from the 
taxpayer.  We have a right to know how our money is being spent, which 
companies are getting contracts, and what financial agreements are being 
made with our money".

Contact, Chris Shaw, NO GAMES 2010 Coalition, csshaw at hotmail.com. 
604-875-4111 (68373).

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