In message , at 13:07:07 on
Thu, 1 Dec 2011, Recliner remarked:
Battersea Power Station is going into receivership, with its £5.5bn
development scheme in tatters, two days after George Osborne and
Boris Johnson posed in hardhats to announce an enterprise zone and
tube extension to the listed building.

Given the timing, we can only assume that there was something extra
required (in terms of handouts from George/Boris) to save the project,
and what they offered was not deemed adequate and was therefore the
'last straw'.

I think it's more complicated than that. This project was controlled by
indebted Irish property magnates, who have finally run out of credit.
The project may actually have more of a future without them (and without
the power station, too).
http://www.ft.com/cms/s/0/ba01cc9e-1...#axzz1fHuHjBRw

But the timing suggests that the latest George/Boris offer was too
little to late, and that's what's tipped the creditors into action.

Or perhaps it's a co-incidence and just a 30th November thing (having
given that as a deadline for whatever).

ps Please don't post links to things behind paywalls.
--
Roland Perry