Britain's Boom

On the eve of national elections, Britain is on a roll. Will it last?

On a corner in the London village of Belsize Park stands the shell of a former church known as Lyndhurst Hall. Built in 1884 at the height of the British Empire, it once housed a missionary school linked to the legendary explorer Dr. David Livingstone. But as its congregation shrank, the massive structure fell into disrepair and was abandoned. Then, a group led by Beatles producer George Martin and backed by Japan's Pioneer Electronic Corp. spent $25 million to transform the relic into Air Studios, a world-class temple of sound at the center of Britain's $4 billion music industry.

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