Sad news really, especially after all the years we've been waiting since the launch of this Campaign way back in January 2003. It's certainly been a long, enduring experience only for those with a hardy dedication, so I guess a ten year or so wait for the reopening ceremony won't really be too traumatic.
As I'm sure I've commented before, maybe this could be a converse blessing in disguise as it will not now have the Olympic frenzy competition. On the other hand some might say launching the park in the same year as the aforementioned might have been more beneficial to lure some visitor numbers during the Games, from those seeking some more diverse entertainment. With the media spotlight on the Games next year it could indeed bode well for increased potential UK tourism the following year. That would obviously be to the advantage of the new Dreamland offering, so it could be a "win win" situation either way.
Let's hope there are not too many further delays in fulfilling this project.
Martin