Falling land values force mayor to rethink 50% housing policy

摘要

The mayor of London could backtrack on his policy that 50% of housing redevelopment after the Olympics should be affordable, amid claims of a £lbn "black hole" in land values. Neale Coleman, an adviser to the mayor, said at a culture, media and sport select committee hearing that he was "in discussions" with the Olympic boroughs about reducing the requirement for affordable housing. He was responding to claims that falling land values are likely to see the National Lottery lose all the £2.4bn contributed to the Games.