Vancouver city council has voted unanimously in favour of a staff recommendation to spend $650,000 to buy and install approximately 6,000 Olympic banners on city streets.
The money will come out of a $20-million Olympic Legacy Reserve, which council created last year. The banners will go on 12th Avenue, as well as along Hastings, Granville, Oak, Main, Cambie, and Burrard streets, in addition to other locations.
“Major banner locations will include all three False Creek bridges,” the report states.
The banners are part of a $2-million program called “Look of the City”. According to the report, the remaining $1.35 million will be spent on “celebratory lights, projections and other spectaculars” during the 2010 Winter Games in Vancouver.
Council also approved a staff recommendation that all proceeds from the sale of the banners after the 2010 Games be used to fund inner-city initiatives.