Roof construction on the $720-million London 2012 Olympic Stadium began in late January when the first section went up. The U.K.’s Olympic Delivery Authority claims to be on track, but the global banking crisis is spoiling its party. The organization can’t secure as much private funding toward the $13.3-billion construction budget as forecast.
Game venues in the London Olympic Park are on schedule, says ODA. But funding negotiations with Australia’s Lend Lease Corp. for the public-private Olympic Village "are continuing," says David Higgins, ODA’s chief executive.