The City of Vancouver is closer to clearing off the billion dollar loan needed to build the 2010 Olympic Athletes Village.
Numbers to be reviewed at City Hall on Wednesday show the debt dropped down to 310.2 million dollars at the end of last yea, and another 44 homes have been sold since then. City Councillor Geoff Meggs says the progress has been steady.
"2011, it was about 462-million, so that difference which is significant was created by selling more units. We reduced the debt on the Village by about 139 million dollars in the last year."
Meggs says more money's expected to be recovered when the remaining nine properties taken from the orginal developers, Millenium, are sold off.
Twelve have already been sold.