2010
21
Jan
It seems that all is not well in the London Development Agency (LDA), the body tasked with ensuring that there is some form of meaningful legacy from the 2012 London Olympics (aside from the burnished glow of politicians’ egos).The LDA auditors, audit …
2009
23
Oct
The London Development Agency (LDA) was given a well deserved drubbing in the London Assembly’s Budget and Performance Committee Pre-Budget Report for its lamentable financial controls that caused a £159M financial black hole.The shortfall has “not on…
2009
21
Sep
Baroness Ford, chairwoman of The Olympic Park Legacy Company (tasked with attracting developers to take on the Olympics site after 2012), is refusing to take on a £800M debt from the LDA (incurred in buying up the land for the 2012 Olympics).The Eveni…
2009
16
Sep
As the old saying goes:”Famine follows Feast”Therefore we should not be surprised to learn that in the wake of the £160M blackhole, discovered in the accounts of those allegedly “in charge” (LDA) of the London 2012 Olympics, cuts have to be made.Proje…
2009
14
Sep
In June I noted that:”a £100M black hole has appeared, as if by magic, in the 2012 Olympics accounts of the London Development Agency (LDA) – the budget for which is not included in the £12BN Olympics budget”.Unfortunately, it seems that the size of …
2009
24
Jun
Despite continuous assurances from those “in charge” of the London Olympics, and their political masters, that everything is under control (despite a rise in the budget from under £3BN to £12BN) it seems that £100M of taxpayers’ money has been “lost…
2009
30
Jan
It would seem that the long suffering British taxpayer may end up having to foot the bill for every major venue for the unwanted London 2012 Olympic Games.For why?Private finance has dried up.That at least is the view of John Armitt, the chairman of th…
2008
23
Sep
An exodus of skilled Polish workers, leaving recession hit Britain for their motherland, is threatening the Olympic building programme for the 2012 games.There are currently not enough skilled British workers to replace them. The government, ever keen …
2008
9
Sep
Reports that the London Olympic stadium will be demolished after the 2012 Games, and replaced by a Premier League football ground, have been “denied” by the London Development Agency (LDA).They would of course deny those reports, as demolition would bl…