What are reasons that groups agree about the success of regeneration of Olympic Park?
- Sales/revenue is higher than before the games (37%).
- Benefit from flexible facilities borough in for London 2012 (34%).
- Benefit from upgrade technology in for London 2012 (10%).
What are reasons that groups disagree about the success of regeneration of Olympic Park?
- 450 Housing Association flats were torn down.
- Olympic Park Stadium estimated to cost £701 million, almost 3 times the original estimate.
- Games produced 3.3 million tons of CO2.
What are stakeholders in Olympic Park regeneration?
- UK Central Government agency
- Local government - the elected councils
- Regional government - The London Assembly
- Local economy stakeholders
- Environmental stakeholders
What is the benefits created for the UK government?
New jobs created 25,000 jobs
What is the benefits created for the local governments?
New homes 9,000 by 2025
What is the benefits created for the regional government?
Improves London’s “brand” as a place to visit.
What is the benefits created for the local economy?
Close gap between London’s poorest and wealthiest
What is the benefits created for the environmental stakeholders?
Investment leading to improvement in environmental concern. New species of birds, newts and fishes
Evaluate the success of economic factors affecting urban regeneration
Pros:
- Money gained taken into consideration - with London Aquatic Centre still bringing in Monet from the public.
- More than £9 billion investment in East London and £10 billion into the national economy.
Cons:
- Money spent taken into consideration (£701 million spent on the Olympic Park - 3x estimated amount)
Evaluate the success of environmental factors affecting urban regeneration
Pros:
- Stadiums were built from 25% recycled materials.
- Many new flower species were introduced into the area.
Cons:
- 3.3 million tonnes of CO2 emissions were released during the olympics
- Many materials came from overseas.
Evaluate the success of social factors affecting urban regeneration
Pros:
- Athlete’s village has been relaunched as a housing estate called “East village”
- The whole Olympic Parkland will house 8,000
- Unemployment fell across London, during the Olympic period.
Cons:
- 450 Housing Association flats were torn down.
- 2800 new homes were unaffordable to those displaced.
