Posted on 14-05-2009 11:17:40 AM (GMT +01:00)
Published By declan@thelondondailynews.com
The £1 billion Olympic Village has been effectively nationalised after private funding failed to materialise.
Olympics Minister Tessa Jowell said private funding had been rejected as it was "not a good deal" for the taxpayer.
£261m will be raided from a contingency fund and £63m from "savings" elsewhere ...