LDA calls for less Olympic venue spending

London Development Agency (LDA) chief executive Peter Rogers has called for planners to rein in spending on London 2012 Olympic buildings to allow more money to be spent on infrastructure needed for east London's long-term regeneration.

Rogers said it was essential for there to be enough power and communications networks in the Olympic Park to help industries to flourish there in the future, according to the Financial Times.

He told the paper: "We now have a discussion about which is more important and I take the view that nobody in 2020 in a surging economy is going to thank us for cutting corners in 2008.

"If you take a lot more cost out of superstructure, it may well allow some investment in infrastructure."