The Olympic site risks becoming a white elephant due a plan that “lacks detail” and a budget which is “underdeveloped”. The London assembly’s economic development, culture, sport and tourism committee, stressed in a recent report “There is concern that, given the experience of other cities that planned long in advance of actually staging the games, we are missing the boat”.
The Guardian reported that the committee charged with overseeing spending on the £9.3bn game has concluded that the lack of a tenant for the main stadium means there are “serious doubts as to the future financial viability of the venue and hence attractiveness of the park site to business investment”. Aspirations to create between 9,000 and 10,000 jobs in the Olympic Park could be at risk without private funding, it warns.
In a letter to The Guardian on July 4th, an assembly member argued that the lack of affordable housing being created by the Olympics, particularly for families meant that the legacy was going to leave nothing but a concrete eyesore.
Will the Olympics develop any of the promises it made to Londoners in the bid?
Given the destruction caused by the Olympics and the lack of solid plans for after the event, is it worth it?
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