The Olympics

The Olympics


News, information and stories about the Olympics.

Thursday, November 10, 2005

London Olympic Shambles

As ever, when dealing with all matters Olympic, there is a massive row brewing over land, property and money.

This particular dispute centres on the ownership of land earmarked as the site of London's 2012 Olympic Games.

The London Development Agency (LDA) has issued a compulsory purchase order on the land designated for the site. However, London and Continental Railways (LCR) which owns some of the site says the LDA could "kill off" the development.

The LDA claim that the compulsory purchase order (CPO) has been issued to safeguard the land needed for its Olympic Park, as a result of the breakdown in negotiations between the LDA and LCR.

Needless to say the CPO has severely pissed off LCR, after all we are talking about a £4BN redevelopment scheme (which everyone wants a piece of).

In other news, it seems that the Olympics may face a medieval statutory bar; which prohibits sporting events to take place within a predefined area of Stratford.

Needless to say, if this ancient law is not removed, it will mean that the Olympic stadium etc cannot be built on the land designated for the Olympics.


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