The impact of the COVID pandemic has made an ambitious project to create a massive music center in London, worth about £288 million, impossible, according to The Guardian newspaper. 

The City of London Corporation cancelled an ambitious £288 million concert hall that was supposed to be the "Tate Modern of classical music," saying the impact of the Covid-19 pandemic made the plan impossible.

The expected music center was to be an acoustically perfect 2,000-seat concert hall for the London Symphony Orchestra (LSO) and would have housed restaurants, commercial space, and a smaller venue for jazz performances.

The City of London confirmed the project's cancellation on Thursday, with a spokesperson for the City of London Corporation saying they "agreed that, in the current unprecedented circumstances, the plan for a music center will not be continued.. Alternative proposals for the site, currently occupied by the Museum of London, will be presented in the coming months."

Serious doubts about the venue's future began to spread when LSO conductor Simon Rattle announced in January that he would leave the organization to move to the Bavarian Radio Symphony Orchestra in 2023 for personal reasons.

Rattle was one of the driving forces behind the project, which he said would be "the great concert hall of our time" and would put London on the same level as other European cities with major world-class acoustic halls.

The decision will be another major blow to the orchestral world which is already suffering from the impact of the Covid-19 pandemic that has left musicians and halls out of work, and in doubt about when audiences will return to flow life into the vein of the classical music industry.