Southeast False Creek to be Olympic Village Home...

Southeast False Creek (SEFC) will be a model sustainable community built on the last remaining large tract of undeveloped waterfront land near downtown Vancouver.
On July 2, 2003 Vancouver was awarded the 2010 Olympic and Paralympic Winter Games and the SEFC development site was chosen as the future site of the Vancouver Olympic Village.
The SEFC site comprises 32 hectares (80 acres) of which approximately 20 hectares (50 acres) is owned by the City. SEFC is bounded by Cambie Bridge on the west, Main Street on the east, and 2nd Avenue to the south. The Olympic Village will be located in Area 2A of the SEFC site.
Historically, the Southeast False Creek site was used for industrial and commercial purposes. While maintaining heritage ties to the past, SEFC is being planned as a model sustainable development based on environmental, social and economic principles where people will live, work, play, and learn. SEFC will be a mixed-use community, with a focus on residential housing for families. This complete community will ensure goods and services within walking distance and housing that is linked by transit and in proximity to local jobs. SEFC will eventually be home to 16,000 people.

Source: vancouver.ca