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It was only a matter of time before we started to see real evidence of the hitting the Olympics. Now we've got it.

The media and broadcast centre, usually a complex so huge that many of the 20,000 journalists who work there get lost on a regular basis, was supposed to become a centre for the creative arts in Hackney after 2012. There was even talk of Bollywood making its London base there.

But fears that 80% of the 1.3m sq ft complex will have to be scrapped after the Games because of cashflow problems.

It is becoming increasingly difficult to raise private cash for the 拢400m project.

Continue reading "Credit crisis could mean flat-pack Olympics"


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