Olympic Village

Progress with this project

Final sale of Olympic Village

April 28, 2014 – The City of Vancouver has officially paid down the entire $630 million debt of the Olympic Village development and recovered an additional $70 million.

• Read the news release
• Download the fact sheet  (74 KB)

Creekside Community Centre opens

Summer 2010 – The City opened a 45,000 square foot community centre in the Olympic Village. The Creekside Community Centre is a LEED platinum standard building. The building harvests rainwater for irrigation and toilet flushing, uses solar power for radiant cooling, has green roof technology and consumes 50% less energy than a standard building.

• Take recreation programs and rent spaces at Creekside Community Centre

Project documents and plans

Overview of the project

• Olympic Village fact sheet  (74 KB)

2009 Summary report

Read the developer's full summary report on the Southeast False Creek project, including the Olympic Village:

• Summary report of the Southeast False Creek development

City Manager's presentations

In 2009, the City Manager made three presentations to Council about the Olympic Village. View the presentations:

• Southeast False Creek and Olympic Village update
• Olympic Village project update
• Olympic Village financial arrangements 

Council reports

Here are some of the key Council reports dealing with the Olympic Village planning project:

• City projects in Southeast False Creek
• The cost and affordability of the City's affordable housing in the Olympic Village
• Southeast False Creek development financing update

Receivership and court documents

View a number of documents from Ernst & Young (the court appointed receiver of the Olympic Village):

• SEFC Properties Ltd. receivership and court documents (including bankruptcy proceedings, receivership proceedings, court orders, communications materials)

Final Sales Agreement – Closing Documents

The Final Sales Agreement Documents have been made publicly available as of May 13, 2016. See the index of records posted on the linked website for the complete list of documents.

Important note The folder below is using File Transfer Protocol (FTP), and is only accessible with Internet Explorer.

• Final Sales Agreement – Closing Documents

Goals of this project

The Olympic Village project's goals align with the City's goals around sustainability, social, and environmental issues.

Canada's first net zero multi-unit residential building

As part of the Olympic Village, the City built Canada's first residential multi-unit Net Zero Building - one that generates as much energy as it uses.

The designers cut energy consumption to a fraction of a conventional building's using solar access and shading, natural cost-ventilation, triple-glazed windows, and excellent insulation.

Energy meters in each suite encourage further reductions by showing residents how much energy they are using and a heat recovery system transfers waste heat from an adjoining grocery store for space heating.

Two rooftop solar installations provide the balance of the building's annual energy. The Net Zero building helped the Southeast False Creek development achieve Platinum certification under LEED for Neighbourhood Development standards in February 2010.

• Learn more about green building and renovating

Affordable housing

By 2020, the Olympic Village will have 5,000 residential units with a focus on affordable housing.

The buildings used during the 2010 Olympics have become residential housing, with a focus on housing for families. The Olympic Village is a mixed-use community, with about 1,100 residential units - 252 units are affordable housing, and another 100 units are modest market and market housing.

Modest market housing provides housing to residents who are unable to pay market rent - families, persons with disabilities, seniors, and those at risk of homelessness.

The Olympic Village co-op - called Athletes Village - is an 84 unit building made up of market and non-market housing. Find information on co-op housing in the Olympic Village:

• Learn about Athletes Village co-op housing

Natural ecological habitat

The man-made island off the west shore of the Village - referred to as Habitat Island is an urban sanctuary along Southeast False Creek.

Deep layers of soil have been added to the area to provide nourishment for new trees to grow.

Boulders and logs commonly found along the coastlines in this region of British Columbia provide a home for plants, small animals, insects, crabs, starfish, barnacles, and other creatures. Surrounded by water at high tide, the island is a sanctuary for birds.

More than 200 native trees, shrubs, flowers, and grasses that grow naturally in the region have been planted on the island and along the waterfront path.

Dogs and cyclists are not allowed on the island in order to preserve the natural state.

Building the island

To build the island, shoreline, and inlet, City staff used 60,000 cubic metres of rock, cobble, gravel, sand, and boulders from the Olympic Village construction.

The ebb and flow of the tide on the rocky shoreline creates a natural home for starfish, crabs, fish, shellfish, and other creatures.

Work leading up to this project

City staff have been planning the Olympic Village development since 2006. Here are some of the key milestones leading up to this project:

• An update on the Olympic Village development was presented to City Council on 6 October 2009 confirming that the Southeast False Creek project is expected to be completed on schedule.
• In February 2009 Mayor Robertson announced that the City has bought out the financing of the Olympic Village project, in order to pursue more competitive financing terms.
• In January 2009 Mayor Robertson announced the creation of the Mayor's Advisory Group on the Olympic Village. The group is comprised of development sector experts and advises the City during the project.

History of the area

The Olympic Village

Built on the last remaining large tract of undeveloped waterfront land near downtown, Southeast False Creek was the site of the Vancouver Olympic Village during the 2010 Winter Olympic and Paralympic games.

The buildings in the Olympic Village were turned over to VANOC on November 1, 2009. During the 2010 Winter Games, the Village housed up to 2,800 athletes and officials. The buildings were returned to the City on April 7, 2010.

After the 2010 games, the City continued to develop the Olympic Village into a community that would house up to 16,000 people.

False Creek

False Creek was once the winter home of the people from the Squamish Nation. Before 1860, False Creek was five times its present size - extending north to what is now Pender Street, and east to Clark Drive - and was filled with fish and wildlife.

The first Europeans arrived in 1859. It was an English sea captain named Richardson who named the area False Creek.

Southeast False Creek has played a significant role in Vancouver's history. Many key industries that helped build Vancouver were located on or near the site. this includes sawmills, foundaries, ship builders, railyards, metalworks, and salt distributors.

Salt Building

The Salt Building is a very significant landmark in the Southeast False Creek neighborhood. It's a heritage listed building located in the heart of the community on the Northwest corner of First Ave and Manitoba St, which was the original shoreline of False Creek.

The Salt Building, which was built around 1930 to refine raw salt and converted in the 1980s as a paper recycling plant, sat empty for a number of years.

The building is owned by the City of Vancouver and prior to the 2010 Winter Games, it was restored to include a foundation upgrade and basement. During the 2010 Olympic and Paralympic Games, the building was used as the "athletes' living room".

NovaPole

Nova Pole made light poles and transmission towers for much of western Canada. Located on the south side of False Creek, between First Ave and Habitat Island, Nova Pole was the last industrial tenant on Southeast False Creek.