From an interview with the FT's Bob Sherwood:
"The mayor revealed that plans were being drawn up for the creation of a "special purpose vehicle" to overhaul urgently the plans for the [2012 Olympic] games' legacy and seek to ensure that the huge public investment was translated into useful facilities, jobs and skills for Londoners. Mr Johnson is worried that a lack of joined-up planning between the agencies involved with the Olympics could jeopardise the prospect of 'lasting value' from what he calls 'this weird constellation of huge objects that we are building'. He said he was 'certain' that work that should have been done on legacy planning 'hasn't been done'."
This "special purpose vehicle" - love that jargon - will be set up next month. There's also interesting stuff about PFI investment for the Tube and those overseas offices. Now read on.