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As Vancouver city council waits anxiously to see whether reduced prices on condos at the Olympic Village will entice buyers, it is also looking at other options - from renting out suites, to unloading everything in a fire sale, to a bulk buyer. Council hopes to recover at least the money it loaned to the private developer for construction, even if it doesn't recover the $30-million land cost.

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Construction continuous May 23, 2007 on the Vancouver Olympic Village near False Creek.

Rafal Gerszak/rafal gerszak The Globe and Mail

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Vancouver Olympic Village (Millennium Water) January 14, 2009.

JOHN LEHMANN/John Lehmann/The Globe and Mail

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The athletes' village for the Vancouver 2010 Winter Olympic Games is pictured as construction continues at the site in Vancouver, B.C., on Friday October 9, 2009.

DARRYL DYCK/Darryl Dyck/ The Canadian Press

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A sitting area is pictured in one of the suites at the athletes' village for the Vancouver 2010 Winter Olympic Games as construction continues in Vancouver, B.C., on Friday October 9, 2009.

DARRYL DYCK/Darryl Dyck/ The Canadian Press

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Chinese short-track speed skaters eat in the Winter Olympic athletes dining hall during a media tour of the Olympic Village in downtown Vancouver on February 9, 2010.

MARK RALSTON/Mark Ralston/ AFP/Getty Images

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View of the apartments housing the Team Canada on February 9, 2010.

MARK RALSTON/Mark Ralston/AFP/Getty Images

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