http://www.mayorwatch.co.uk/crossrail-gets-major-funding-boost/20085436 London News and Opinion Tue, 27 Jul 2010 08:21:17 +0000 hourly 1 http://wordpress.org/?v=3.0 http://www.mayorwatch.co.uk/crossrail-gets-major-funding-boost/20085436/comment-page-1#comment-1354 Damian Hockney Fri, 05 Dec 2008 15:02:38 +0000 http://www.mayorwatch.co.uk/?p=5436#comment-1354 This is all fine, but say the recession knocks the stuffing out of these developments. You can take a Section 106 to a development but you cannot make it build one. What happens when the Central Activity Zone becomes the Central Inactivity Zone? It's like the Olympics and all that lovely private money, a question I asked two years ago at the Assembly. If there isn't any private money for some reason, what do you do? All those banks sponsoring the Olympics? Banks? I thought they were all bust and turning into nationalised corporations. But then, sigh, that means the Government can lean on them to stump up even if they themselves are billions overdrawn. The Bank of Enron sponsors London 2012 with your money folks. This is all fine, but say the recession knocks the stuffing out of these developments. You can take a Section 106 to a development but you cannot make it build one. What happens when the Central Activity Zone becomes the Central Inactivity Zone? It’s like the Olympics and all that lovely private money, a question I asked two years ago at the Assembly. If there isn’t any private money for some reason, what do you do? All those banks sponsoring the Olympics? Banks? I thought they were all bust and turning into nationalised corporations. But then, sigh, that means the Government can lean on them to stump up even if they themselves are billions overdrawn. The Bank of Enron sponsors London 2012 with your money folks.

]]>