I may be being stupid here Vic but while the funding for this venue does seem unfair (it reads to me they are being penalised for doing something right and for good management) and much as I personally dislike the thoughts of money redirected to the olympics, I'm struggling to relate.

In particular read the Background section at the end; it could have been written by many Arts Centres and Theatre managers as funds are increasingly diverted towards the 2012 Olympics. It suggests that things are going to get worse before they can start to get better

to

The Arts Council of Wales has an extra £1.5 million a year to support live show programmes in venues outside of Cardiff.

Please clarify.