British gov’t to own London 2012 Olympic Village after recession forces $491M bailout

LONDON — The British government put another $491 million of public money into the Olympic Village for the 2012 London Games after being unable to secure private financing because of the recession.

British government puts another $491 million toward London 2012 Olympic Village

LONDON — The British government has put another $491 million of public money into the Olympic Village for the 2012 London Games after being unable to secure private financing because of the recession.