Westfield is not short of money. It has invested £1,743 million at Stratford Olympic site, but it wouldnt speculate £345m on Bradford where the risk is higher and returns are lower.In the past 12 months Westfield has sold a number of sites, including a 50 per cent interest in Stratford City, “to focus on iconic projects.” Plans in Bradford have been scaled back and Westfield has refused to comment on its intentions, creating fears that it has no intention of developing the site.There are suspicions that Bradford may become subject to “planned decline.” Property prices would drop, creating a wealth of opportunity for developers with planning agreements on derelict land and the ability to finance an “iconic” project
