The Olympic threat to Regeneration
Libertarian think tank, the TaxPayers Alliance has done a useful piece of research into one of the hidden costs of the London Olympics. We already know the estimated cost of the Games themselves has shot up £2.4bn to £9.35bn (or at least that's the figure today), there is also a hidden £4bn of cost associated with construction inflation as resources are sucked into the Games, raising the cost of building across London and the South East. £1.3bn of that extra cost is estimated to impact public building works directly which has implications for regeneration schemes like the Elephant and Castle ...