2012 Olympics: 'unresolved' debt and legacy

Estates Gazette Olympics expert Paul Norman: The London Assembly has drawn attention to one of the elephants currently stuck in the Olympics room. It estimates in a new report...that plans to abolish the London Development Agency by March 2012 will leave £387m of outstanding Olympic Park debt that could have "major implications" for funding programmes across the capital. To cut a long story short, the report expresses fears that complications in dealing with the LDA's debt legacy could have adverse effects on the Olympics legacy - which, as far as I'm concerned, is what the whole Games thing is all about. For a longer version of that short story, see here . The report itself is here . Update, 15 October : Paul Norman has now reported the LDA's response to the Assembly's document and his own response to that response. See here .