Burnt by the Olympic torch

So, they're are going to be stuck with cost over-runs, delays and congestion.

If the city wanted to improve its infrastructure, regenerate dying areas, encourage sport & promote tourism, it could have spent its money in those areas, directly and saved a bundle.

Instead they've got a prestige project that'll get a few weeks TV coverage but none in the US because of the time difference, unless their competitors have a shot at a medal.