West End Blames Olympics On Funding Downturn

London theatres say they are losing out on funding because of the Olympics. “There were plans to split the £250 million bill to renovate many West End venues between theatre owners and the government. However, it is no longer expected that Arts Council England, the Heritage Lottery Fund or the London Development Agency will be able to provide the anticipated £125 million cash injection towards the project until after the London 2012 Olympics, because of the strain the games are putting on public funding sources.”