Stratford Olympic Legacy in Housing Gloom?

Olympic Village Proposal released by The Olympic Delivery Authority

When London secured the bid to host the Olympics a tad more than half a decade ago, estate agents who invested much time in marketing the East End, (foreseeing a future of high profit sales) as a result of the surging interest were bitterly disappointed when reports released by Hometrack (13 Mar 2012) confirmed that property in the area had depreciated in value despite the generous investments to build the Olympic stadium, the Village and surrounding contemporary homes.

An analysis of the relative performance of London’s housing markets shows that the area around the Olympic site has under-performed despite high expectations and new investment. There has been surprisingly little impact on house prices across the area.”  states Richard Donnell, Director of Research at Hometrack.

To date, the regeneration has cost more than half a billion pounds, whilst – mind you – the nation is still in debt, with a second recession reportedly to follow. The confidence of the young, wealthy professionals with a desire to migrate from the west to invest in more space and in favor of smaller mortgages has begun to waver with concerns about the interest and legacy of Stratford once the Olympics comes to an end. This essentially deters any potential buyer of property to part with their hard earned cash in this dire economy.

However, not all faith or sense of optimism is lost for the home sector of the market, as Yolande Barnes of Savills Residential Research explains: “I don’t think there has been an ‘Olympic boom’ in the Stratford property market. Transactions in the London Borough of Newham are running among the lowest in the country. It is difficult to discern any price rises above and beyond the background rises in London as a whole – the real legacy will start after the Olympics.

With plans to build a further 2,000 new homes in the area and with a beneficiary yet to take the stadium off our hands we are for now left to wonder whether the East will have earned its stripes, as the new West or recoil to a midway state, as just another once poorly reputed area of London that didn’t quite match the epitome of the Olympics.

Click London Olympics for more blogs
See our Olympics project pages for more information and videos.
Or visit PlanA our general blog on urbanism, planning and architecture.

Spectacle homepage
Befriend Spectacle.Docs on Facebook
Follow SpectacleMedia on Twitter

Share and Enjoy:
  • Print
  • Digg
  • StumbleUpon
  • del.icio.us
  • Facebook
  • Yahoo! Buzz
  • Twitter
  • Google Bookmarks
  • Add to favorites
  • Current
  • email
  • Google Buzz
  • Identi.ca

Olympic legacy – a potential disaster?

Richard Caborn, the sports minister at the time London won the Olympic bid, will speak today raising his concerns over the potential failure of the Olympics’ sporting legacy.

In his keynote speech at the annual meeting of the Sports and Recreation Trust Association in Birmingham, Caborn will elaborate on his comments, quoted in the Guardian today, that there was a “danger of failing completely,” adding that there needed to be a “major change of direction in the strategy on this if the disastrous decline experienced by many of the sports is to be reversed.”

The latest quarterly figures from Sport England show that the target to increase the number of people playing sport three or more time a week by one million by 2013 is a long way off the mark with a more modest increase of just under 110 thousand from 2007-08.

Click here for the full article

Click London Olympics for more blogs
See our Olympics project pages for more information and videos.
Or visit PlanA our general blog on urbanism, planning and architecture.

Spectacle homepage
Befriend Spectacle.Docs on Facebook
Follow SpectacleMedia on Twitter

Share and Enjoy:
  • Print
  • Digg
  • StumbleUpon
  • del.icio.us
  • Facebook
  • Yahoo! Buzz
  • Twitter
  • Google Bookmarks
  • Add to favorites
  • Current
  • email
  • Google Buzz
  • Identi.ca

Olympics 2012: Legacy, Land Grabs and Liberties

Olympics 2012: Legacy, Land Grabs and Liberties

Mark Saunders presentation at HafenCity Universität Hamburg department of Urban Design.

Thursday 13 Jan 2011. 7.30

In the Fog of Games the first casualty is the truth.  The Olympics, like other sporting spectaculars, are only brief and transitory television events that disguise and justify Mega projects of vast urban restructuring that permanently distort our cities for the benefit of a few business interests . The common features of these Mega projects are unprecedented land grabs, the peddling of myths of “regeneration”  and the “legacy” benefits for the host community, the sweeping away of democratic structures and planning restraints, the transfer of public money into private hands and “information management” to hid truths and silence critics.

Mark Saunders will be showing some “work in progress” extracts from Spectacle’s film on the London Olympics.

Zeit:
Donnerstag, 13. Januar 2011
19.00 Uhr

Ort:
HafenCity Universität Hamburg
Averhoffstraße 38
Erdgeschoss, Raum 16 b

Eine Veranstaltung im Rahmen der UD-Vortragsreihe “Feste feiern. Kollektivierungen urbaner Praxis”

For more details and maps

Click London Olympics for more blogs
See our Olympics project pages for more information and videos.
Or visit PlanA our general blog on urbanism, planning and architecture.

Spectacle homepage
Befriend Spectacle.Docs on Facebook
Follow SpectacleMedia on Twitter

Share and Enjoy:
  • Print
  • Digg
  • StumbleUpon
  • del.icio.us
  • Facebook
  • Yahoo! Buzz
  • Twitter
  • Google Bookmarks
  • Add to favorites
  • Current
  • email
  • Google Buzz
  • Identi.ca

Battersea Power Station & Olympics 2012 – Legacy, Land Grabs and Liberties

Olympic Blues

Olympic Blues

BATTERSEA POWER STATION AND OLYMPICS 2012: LEGACY, LAND GRABS AND LIBERTIES

Mark Saunders talk and videos

Wednesday, 02 June 2010 17:30

Room 517 (5th floor), Bartlett School of Planning, UCL, Wates House, 22 Gordon Street, London WC1H 0QB.

Directions

More info on London Planning Seminars

For more info:
On the Olympics:
Project: http://www.spectacle.co.uk/London-Olympics-2012
Blog: http://www.spectacle.co.uk/spectacleblog/category/olympics-2012/

On Battersea Power Station:
Project: http://www.spectacle.co.uk/Battersea-Power-Station
Blog: http://www.spectacle.co.uk/spectacleblog/category/battersea-power-station/

Share and Enjoy:
  • Print
  • Digg
  • StumbleUpon
  • del.icio.us
  • Facebook
  • Yahoo! Buzz
  • Twitter
  • Google Bookmarks
  • Add to favorites
  • Current
  • email
  • Google Buzz
  • Identi.ca

The Fog of Games: Free talk at the LSE

In The Fog of Games, the first casualty is the truth. The Olympics are brief and transitory television events that disguise and justify mega projects of vast urban restructuring that permanently distort our cities for the benefit of a few business interests. Common features of such projects are unprecedented land grabs, the peddling of myths of ‘regeneration’ and ‘legacy’ benefits, the sweeping away of democratic structures and planning restraints, the transfer of public money into private hands, and ‘information management’ to hide truths and silence critics.

Mark Saunders from Spectacle will be showing clips of Spectacle’s ongoing Olympic Project The Fog of Games: Legacy, Land Grabs and Liberty.

Also Reporting the London Olympics Martin Slavin from Games Monitor website will discuss the gap between the media image of the Olympics and the historical impact they have had on communities.

This free event will take place at The London School of Economics on Thursday 28th May at 7pm. Everyone is welcome.

For more information on Spectacle’s Olympic project visit our Olympic project page

To see more clips from our Olympic project please visit the the Spectacle Archive Page



Bookmark and Share

Share and Enjoy:
  • Print
  • Digg
  • StumbleUpon
  • del.icio.us
  • Facebook
  • Yahoo! Buzz
  • Twitter
  • Google Bookmarks
  • Add to favorites
  • Current
  • email
  • Google Buzz
  • Identi.ca