The Olympic village on the shores of Vancouver's False Creek will be sold as condominiums after the 2010 Winter Games. (CBC)

Vancouver's new mayor has scheduled a meeting on Friday to get to the bottom of the Olympic village controversy, but the public will not be welcome to hear the details — yet.

On Monday, at his first council meeting after being sworn in as mayor, Gregor Robertson said that after the new council is briefed on the deal by city staff at the private meeting at the end of the week, it will decide what information to release to the public and when.

"This is part of our work to look into those matters and start putting together the open council meeting within 30 days of today, to ensure the public's informed about the state of the project and the financing arrangements — just making sure we restore public confidence in the project," said Robertson.

All the details of the city's role in the $1-billion deal with Millennium Development to build the Olympics athletes' village on city-owned land have never been made public.

Robertson was elected mayor of Vancouver in November following publication of a news story that said the previous mayor and council had approved a secret $100-million bailout of the massive condominium development project on the shores of False Creek.

But during the civic election campaign it was revealed that Millennium's owner, New York-based hedge fund Fortress Investment Group, was struggling to finance the construction because of the global financial crisis.

Robertson promised that if he was elected mayor he would better inform the public about the city's role in the deal.

Robertson has also scheduled a news conference for Tuesday morning to release some details on his strategy to combat homelessness.

"Homeless is our top priority and we'll start announcing initial actions that we're going to take to get people off the street this winter," said Robertson.