So the Olympic Development Association, and the company engaged to build it, Lendlease, has been unable to raise any private money for the olympic villages and venues from private investors, because of the credit crunch. An extra £850m is still yet to be found for the olympic village, and the budget has been cut back, with fears that athletes may have to share rooms (shock horror!)
Which means that the likelihood is that then entire bill will nedd to footed once again by the taxpayers, so that the gov will then own the land and buildings, so they can sell them of afterwards.
No doubt to foot the mp's pensions bills.
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