Months after the Games ended, the 252 social housing units in Vancouver's Olympic Village are still sitting empty after the province rejected the only three companies bidding to run the units.

In April, the city asked BC Housing to find a non-profit agency to operate the social and rental units in the village, but the government has said the only bidders so far weren't qualified for the job.

"We were stunned and frankly very frustrated that they would make a unilateral call like that just as soon as the proposals came in," Coun. Geoff Meggs told CTV News.

He says the city now has to start over from square one.

"We have a good housing staff at the city and lots of good partnerships with housing societies. I'm sure we'll sort it through, but it's a very frustrating delay -- there's no question about it."

Meanwhile, only a fraction of the nearly 500 condos in the village have sold, frustrating businesses that have committed to leasing space in the development.

Although TD Canada Trust will open its branch as planned next month, both London Drugs and Urban Fare are holding off.

"We were hoping that everyone would be open to draw the people, but apparently they've decided not to," TD's Penny Fox said.

"Certainly there won't be line-ups when we open, so that's a good thing for the bank."

Mario Loscerbo's gelato business is just a stone's throw from the village. He endured years of construction on the development, with a promise of a post-Olympic windfall.

"They were telling me, ‘Look at the benefit you're going to get. You're going to make so much money. You're sitting in a perfect location,'" he told CTV News.

Instead, he says the village is virtually deserted.

"It's like a ghost town. I walk there at night, and there's no people."

Loscerbo says that if the taxpayer-funded project remains empty, "It's going to cost us lots of money."

He's already filed a lawsuit against VANOC, as well as the city, provincial and federal governments, claiming his business lost more than $2.5 million because of the construction.

With a report from CTV British Columbia's Shannon Paterson