Guys, you still want them?
Taxpayers may have to come to the rescue of building plans for the London Olympics because the project has been hit by the global credit crisis.
Australian-owned Bovis Lend Lease, which was selected last year to construct the £2 billion Olympic Village in east London, is struggling to raise money to finance the project.
Bovis Lend Lease intends to build 4,200 homes, lease them back to the Government to house athletes and officials and then sell or rent them afterwards on a profit-share arrangement.
But with house prices declining and fears of a crash, it is impossible to estimate the price, or rent, the company will be able to secure for the flats after the Olympics.
Anyone got the Hotel Matignon\’s number?