Olympic Park 2012 regeneration Flashcards
What regeneration took place due to the Olympics?
Shopping centre
4 star hotel
400,000 new offices, which created jobs, meaning the local economy was boosted
Job creation led to the positive multiplier effect
New university campus
Stakeholders?
Local businesses (Benefited from tourism)
Local people (Some jobs created, mostly benefit ted from pos multiplier not direct jobs)
Young children (Sports opportunities)
Uni Students (New campus)
Why did Olympics cause regeneration?
The area around the Olympic Park (Newham) was regenerated from a deprived area to a vibrant one to make it more attractive
Problems with regeneration?
People forced out of areas due to demolition of housing
Increased rent/ property prices
Lack of affordable housing built for low income families
Jobs created not accessible for existing local workforce
Who funded it?
Public sector
