4.11

Question 1

What are reasons that groups agree about the success of regeneration of Olympic Park?

Answer 1

• 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%).

Question 2

What are reasons that groups disagree about the success of regeneration of Olympic Park?

Answer 2

• 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.

Question 3

What are stakeholders in Olympic Park regeneration?

Answer 3

1. UK Central Government agency
2. Local government - the elected councils
3. Regional government - The London Assembly
4. Local economy stakeholders
5. Environmental stakeholders

Question 4

What is the benefits created for the UK government?

Answer 4

New jobs created 25,000 jobs

Question 5

What is the benefits created for the local governments?

Answer 5

New homes 9,000 by 2025

Question 6

What is the benefits created for the regional government?

Answer 6

Improves London’s “brand” as a place to visit.

Question 7

What is the benefits created for the local economy?

Answer 7

Close gap between London’s poorest and wealthiest

Question 8

What is the benefits created for the environmental stakeholders?

Answer 8

Investment leading to improvement in environmental concern. New species of birds, newts and fishes

Question 9

Evaluate the success of economic factors affecting urban regeneration

Answer 9

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)

Question 10

Evaluate the success of environmental factors affecting urban regeneration

Answer 10

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.

Question 11

Evaluate the success of social factors affecting urban regeneration

Answer 11

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.