"Roland Perry" wrote in message

In message , at 12:04:39 on Thu, 1 Dec
2011, Jim Chisholm 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