What's happened so far is, Vancouver City Council voted, in camera, for a loan guarantee to the Millennium Development Corp., the company building the Olympic Village. The motion to approve this was passed unanimously, which means that one of the people who voted for it was Peter Ladner, who is a candidate for Mayor, The election is on Saturday, Nov. 15.

Here's a couple of articles by people following this story. David Berner: Vancouver council owes misled taxpayers answers
Frances Bula, Globe and Mail: Vancouver fund's cash reserves 'tapped out'
Monte Paulsen, The Tyee: City lacked authority to hold Olympic loan meeting in secret: Pivot