1,052 Views - Click for Gallery The U.K. needs to borrow a bunch of pounds in order to build the Olympic Village--1.2 billion of them, to be exact. Since the credit market is getting slimmer, adding pounds is becoming very difficult. Interim financing is in place while the financial markets qualify the soundness of going for the gold. Experts predict that the financing will be obtained to keep the building on track and not too far afield from targeted deadlines. "Getting any form of loan from the private sector at the moment is very difficult." However, the tightening of the financial markets and reluctance to lend, particularly to the housing sector, has thrown doubt over the project. (building) Source: london2012   Via: building

Pre-Olympics Culture Coaching (VIDEO)

London Stages Cultural Olympiad

In 2012, London will host the summer Olympics, and to lead up to the event, city planners are implementing a Cultural Olympiad to generate excitement. It isn't novel for Olympics host cities to stage a…
[Related +/-]

Flatpack Stadiums (VIDEO)

2012 London Olympics Architecture

The 2008 Beijing Olympics haven't even begun, and already there's buzz about the 2012 London Olympics. The plans for the flatpack stadium were unveiled and they're quite remarkable, and make perfect sense.…

London Heathrow's Facelift (VIDEO)

Terminal 5

Airports are a huge part of a city or country's pride, as it is often the first impression visitors have of the location. Chances are, if you've done quite a bit of traveling, you've gone through London's…

---

---