The Olympics

The Olympics


News, information and stories about the Olympic Games.

Tuesday, 26 April 2005

London Olympic Bid In Trouble Again

A coalition of more than 300 businesses in London, have written to the IOC accusing the bid and the London Development Agency (LDA) of acting in bad faith.

It seems that if London were to win the 2012 Olympics, these businesses would have to relocate.

They claim that three reports examining land issues contain conclusions that are "neither impartial nor true".

The businesses, located in Marshgate Lane, are concerned that the LDA has failed to provide adequate alternative land to relocate to. They also note that the valuation of land prices is 25% below market value.

They also claim that there is a £2BN shortfall in the LDA's budget for relocation or acquiring alternative sites.

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