Olympic Buy-Up Leaves Pounds 159m Black Hole [Edition 3]

Summary


THE London Development Agency has been left with a Pounds 159 million black hole in its finances as a result of a bungled project to buy land for the Olympics, the Standard can reveal.

Two senior LDA staff are expected to be sacked for allowing spending to spiral out of control over three years.

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Extract


Olympic Buy-Up Leaves Pounds 159m Black Hole [Edition 3]

The agency will be forced to cut arts and community projects and ask for more t...

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