Like, I suspect, many others I dont think substantial Art's Council funding for the Nowhereisland floating sculpture is money well spent, especially at this time of cuts. The benefits that could have been received by spending the half a million pounds in another way are very likely to be much greater. Someone has not looked into the opportunity costs properly - better arts alternatives have been forgone in order to fund this sculpture. It also strikes me the the environmental impact of producing and transporting this piece of art wont be small - yet I thought the Olympics this is a part of was supposed to be green! The project's website is here if you want to find out more about it.