Complex sentence: In 2008, the council's £500M plans to redevelop the town centre were cancelled after construction company Lend Lease Corporation pulled out of the project, blaming the credit crunch.
Split into simpler sentences: In 2008, the council's £500M plans to redevelop the town centre were cancelled. The construction company, Lend Lease Corporation, pulled out of the project, blaming the credit crunch.