"locked away"

Tessa Jowell, the Olympics Minister, has said that the £2.2 billion left in the emergency fund would remain "locked away" for the next few years and only used for emergencies. News has now emerged that because of the fall in property prices some of this money may have to be used to build the Olympic Village. Apparently Bovis Lend Lease is having difficulties raising the money needed to fund the £2 billion Olympc Village because of the aftermath of the credit crunch. The upcoming London property crash (40% is still my bet) would also drastically reduce the amount Bovis Lend Lease could receive when selling or renting the homes in east London after the Olympics.