The UK's Olympic Village Loan
Going Like Sixty — September 28, 2008 — Special
References: london2012 & building
The U.K. needs to borrow a bunch of pounds in order to build the Olympic Village--1.2 billion of them, to be exact.
Since the credit market is getting slimmer, adding pounds is becoming very difficult. Interim financing is in place while the financial markets qualify the soundness of going for the gold. Experts predict that the financing will be obtained to keep the building on track and not too far afield from targeted deadlines.
Implications - The financing for the Olympic Village will be hard to come as the private sector is reluctant to make any loans at the moment and especially large ones. This tightening of the market has created an air of uncertainty around the whole project.
Since the credit market is getting slimmer, adding pounds is becoming very difficult. Interim financing is in place while the financial markets qualify the soundness of going for the gold. Experts predict that the financing will be obtained to keep the building on track and not too far afield from targeted deadlines.
Implications - The financing for the Olympic Village will be hard to come as the private sector is reluctant to make any loans at the moment and especially large ones. This tightening of the market has created an air of uncertainty around the whole project.
Trend Themes
1. Tightened Credit Market - The reluctance of the private sector to make large loans creates opportunities for innovative financing solutions.
2. Interim Financing - The need for interim financing highlights the potential for disruptive innovation in short-term lending options.
3. Uncertainty in Project Financing - The air of uncertainty surrounding the Olympic Village project presents opportunities for disruptive models that improve confidence in project financing.
Industry Implications
1. Fintech - The tightened credit market and need for innovative financing solutions offer opportunities for FinTech companies to create new lending models.
2. Construction - The uncertainty in project financing presents opportunities for construction companies to create partnerships and explore alternative funding sources.
3. Real Estate - The need for interim financing in large-scale projects opens up opportunities for real estate companies to develop creative financing structures.
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