The Canadian government denies that it is negotiating a payout to the owners of the giant ski resort and Winter Olympics venue, Whistler Blackcomb.
The New York Post reported Monday that the parent of Intrawest ULC, the company that owns one of the venues for the Vancouver Winter Olympics, wants the Canadian government to put up $90 million US before the Games start or it will sue.
The Post reported the parent firm, Wall Street hedge fund Fortress Investments LLC, is negotiating with the Canadian government, with the report quoting Fortress as saying Ottawa had promised to compensate it for the time Whistler Blackcomb is used for the Olympics.
http://www.cbc.ca/canada/story/2010/02/01/nypost-report-fortress-intrwest.html