Economic benefits and downsides of the Olympic regen Flashcards
The infrastructure was significantly improved for the whole area. Stratford is …… most connected place in London
2nd after Kings Cross
Lloyds (bank) estimated that the Olympics generated
11bn
Westfield shopping mall has brought how many jobs and how many to local people
10,000
2,000
Stratford went from a pretty deprived area to
a more affluent area
The Athlete’s Village has been made into a housing estate, now called the East Village. Currently, about ………% of the ……….. houses will be affordable.
SOCIAL CANT BE ASKED TO CHANGE
40%
2,818
Houses and area have got more expensive due to more affluent people moving to area (gentrification)
Affordable housing is still
SOCIAL CANT BE ASKED TO CHANGE
unaffordable for the poorest people in Newham
In order to create the site, ………. Housing Association flats, which is where the ……….. people lived, were torn down.
SOCIAL CANT BE ASKED TO CHANGE
450
poorer
The Olympic stadium ended up costing almost 3 times more than initially estimated:
701m
Approximately……….. jobs were lost or moved.
9000
