The article notes "delays in securing financing" by Lend Lease for the Olympic Village. Is this likely to hit the Elephant Development? I'm thinking that if they're stuggling just with the Olympic Village, that all other projects might be delayed for a while.
My guess is that very little will happen at the Elephant for at least the next 5 years. Those schemes that have been started, and sold off-plan, will trundle on to completion, but I don't see any other major projects being started. Values of residential property are falling and there would likely be very little demand for the retail/commercial space so the economics just don't stack up.