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London Shops Vanish After $1.2 Billion Olympic Payout

Tony Freail closed his window-dressing business after the world’s biggest sporting event landed outside his workshop in London’s East End. Seven years later, with the Olympic Games less than five months away, he’s still looking for full-time employment.

Freail’s former workplace was demolished as part of the construction of the velodrome, the potato-chip shaped venue where Britain’s Chris Hoy will try to retain three cycling gold medals; the International Broadcast Centre, the base for 20,000 journalists; and the Copper Box, which hosts handball. The opening ceremony of the U.K.’s biggest competition since the 1966 soccer World Cup takes place July 27.