A quote from Marc Ratner:
"We're certainly working hand in hand with the mayor's office and the city council, and hopefully we have what they want," Ratner said. "The fight is still going forward as we speak."
Here is a quote from mmajunkie's site make sure to click the link to read the whole article;
"However, UFC president Dana White today told Rogers Sportsnet that the promotion can't wait any longer to announce the event and is in the process of moving it to the U.S.
The UFC needs 60 to 70 days to mount an event in a new city, according to Ratner, which means the UFC still has time left before it's too late. But it's getting down to the wire.
Ratner said VAC's major impasse remains over legal liability in the event a lawsuit is filed against the city due to an injury or mishap during a fight. A rider added to the city's two-year pilot program after its passage this past December stated potential promoters need to provide a $12 million bond to protect against such an occurrence. The figure is more than double the usual bond required of promoters.
"The hold-up is (that) we need to be sure that nobody is going to sue the city," Dr. Kerry Jang, a Vancouver city councillor, said today. "We need to know we're free and clear of responsibility if there's a problem. So if we're going to hold these events, we'll hold them responsibly, and right now the province has not given us indemnity like the Quebec government gives Montreal.
"Until we get that, we're 100 percent responsible and can't take those risks."
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