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Old July 25th, 2011, 04:26 PM   #2461
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Shopping centres and fast food chains are a way of keeping people going to the Olympic Park in the immediate aftermath of the Games. I suppose that's what they want for now.
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Old July 26th, 2011, 10:51 AM   #2462
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That's what we need... more fast food
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Old July 26th, 2011, 09:19 PM   #2463
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Old July 26th, 2011, 09:33 PM   #2464
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Quote:
Olympic park will return at least £1.3bn

The development of London’s Olympic park after the 2012 Games will pay well in excess of £1.3bn to the public purse, according to the body charged with converting the sports venues into a vibrant community.

This is the first public indication of the return the UK government is expecting for its £7bn-plus investment in creating the Olympic site on previously contaminated and isolated land in the deprived east London area near Stratford.

The Olympic Park Legacy Company has so far carefully avoided committing itself to a specific figure for the financial return on the huge public investment because of the uncertainty of the UK economy and house price inflation.

But Lady Margaret Ford, chairman of the OPLC, said the legacy planners had “a pretty clear sense of the amount of money that we can pay back”. In an interview with the Financial Times, she said: “We will comfortably pay back the lottery, which is £675m. I think over [a 20-year] period we should comfortably pay back the £600m debt that the Treasury took on . . . And I think there will be significant upside beyond that.”

She said London taxpayers, who contributed directly to the funding of the games, would see a return after the OPLC honours its commitments to the National Lottery and repays the £600m spent from the public purse on buying the 600-hectare site. “We’ve always said this is a 20-year project,” said Lady Ford. She said the development of the Olympic park fits in with the new town model, citing Milton Keynes in England’s south-east as an example, which has shown “great investment returns over a long period”.

The decision by the government and mayor’s office to take on the £600m debt incurred from buying the site means that the OPLC can develop the park at its own pace. “So, government understands the value of long term stewardship of land, provided it’s done in a planned way, a coherent way,” said Lady Ford.

The revenue will come from leasing the venues, such as the media and broadcast centre, developing five neighbourhoods with about 8,000 homes, and running events in the park’s open spaces.

The ArcelorMittal Orbit, designed by Anish Kapoor, will be one of the first venues to be taken over by a designated operator and will therefore start generating income for the OPLC within the next few years. West Ham Football Club was recently announced as the preferred bidder to take over the Olympic Stadium and has promised to deliver an athletics legacy.

It will still take about 18 months to reconfigure the park for its legacy uses when the Olympic and Paralympic Games are over. About £550m will be spent on building new roads, landscaping and retrofitting venues. “People have put up with disruption for six years now: noise, congestions, dust, all that kind of thing. We will work very hard next summer with the local communities to say: ‘Please be patient for another year,” she said.

Government officials are also considering putting the entire park out to tender, following a £1bn proposal by the Wellcome Trust. Ministers could ask the consortium Delancey-Qatari Diar, the frontrunner to buy the Olympic village, to place a bid for the rest of the venues.

However, Lady Ford, who was appointed in 2009, dismissed the merit of the Wellcome Trust’s offer, reiterating that it is the OPLC’s purpose to manage the park as a single estate. “If someone could do it better or at better cost to the public, or at better value to the public purse, I’d be completely delighted. There isn’t a proposition on the table at the moment that provides better value to the public purse than the way we are doing it,” she added.

In spite of tough economic conditions, Lady Ford is optimistic of signing lucrative deals for the first neighbourhood development of family homes in the park and of securing a commercial occupant for the broadcast centre. The OPLC is talking to potential bidders for the lease of the broadcast and media centre, in the hope of securing an anchor tenant that will be the cornerstone of plans to create a “tech city” around Hackney Wick.

“I am much more heartened than I was nine months ago,” she added. “I thought this was going to be a really, really tough sell. We’ve actually got some serious respectable interest [in the broadcast and media centre], so I’m quite encouraged by that.”
http://www.ft.com/intl/cms/s/0/83a7d...#axzz1T9lbeXHT
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Old July 27th, 2011, 07:40 AM   #2465
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Old July 27th, 2011, 07:44 AM   #2466
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Old July 27th, 2011, 11:25 AM   #2467
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One year to go!

[IMG]http://i52.************/r7irv8.jpg[/IMG]

http://www.london2012.com/homepage-feature/
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Old July 27th, 2011, 11:26 AM   #2468
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BBC News feature inside the aquatics centre, it looks spectacular.
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Old July 27th, 2011, 03:26 PM   #2469
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Old July 27th, 2011, 04:22 PM   #2470
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Aquatics Centre

BBC

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Old July 27th, 2011, 04:29 PM   #2471
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From the London 2012 website:
The Water Polo Arena:

Eton Manor:

Basketball Arena:

The Velodrome:

The Aquatics Centre:

The Handball Arena:

The Olympic Parklands
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Old July 27th, 2011, 05:37 PM   #2472
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Can't wait it will be a great celebration

Hopefully I will be in Europe around that time and will pass by London for a couple of days
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Old July 27th, 2011, 08:09 PM   #2473
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Old July 28th, 2011, 01:09 AM   #2474
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The whole thing looks incredible!
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Old July 28th, 2011, 10:54 AM   #2475
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[IMG]http://i55.************/nb76.jpg[/IMG]
medals
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Old July 28th, 2011, 11:02 AM   #2476
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one year video
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Old July 28th, 2011, 11:47 AM   #2477
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[IMG]http://i56.************/28162xv.jpg[/IMG]
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Old July 28th, 2011, 12:20 PM   #2478
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Fantastic only 1 year to go "I can't wait" The photos are great!!!!
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Old July 28th, 2011, 12:30 PM   #2479
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London Calling....... One year to go.....

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Old July 28th, 2011, 12:39 PM   #2480
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London 2012: 'See you in London' says Boris Johnson

See Video; invite to the world......

http://www.bbc.co.uk/news/uk-14319461
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