Re: £11bn Olympics Benefit Target Met
 

It's the same here after the Cardiff Bay revamp. Though many places were Buy-to-let, so the place is now crawling with unemployed residents who tone the place down again. I doubt they can afford to frequent the local venues and restaurants though... I certainly can't.

Re: £11bn Olympics Benefit Target Met
 

Actually, half of the houses are 'affordable homes' (around 1400).

http://www.east-thames.co.uk/projects

Re: £11bn Olympics Benefit Target Met
 

Does it say that the money spent was the best possible use of the money?

I suspect not

Re: £11bn Olympics Benefit Target Met
 

What is the best possible use of the money? ,also what money are on about ?

The article i linked to is about the benefits of the Olympics to UKplc and the contracts awarded to uk companies on the back of the Olympics build success

Re: £11bn Olympics Benefit Target Met
 

affordable rent can be 80% of local market rent, so I wonder how many people who lived there before can afford to live there now.

Re: £11bn Olympics Benefit Target Met
 

Considering that the area was formerly contaminated land and industrial buildings, I don't think many people lived there before....

Also, nearly half of the Affordable Rents are Social Housing.

http://www.triathlonhomes.com/the-homes/to-rent/

Re: £11bn Olympics Benefit Target Met
 

Mutants maybe? :D

Well they found some of those rare crested newts Red Ken used to bang on about and I don't think they've been compensated for having to move. :)

http://news.bbc.co.uk/1/hi/england/london/7015077.stm

Re: £11bn Olympics Benefit Target Met
 

All we need to do now is chase down the millions G4s Should pay back.

Re: £11bn Olympics Benefit Target Met
 

Does it really matter too much if we get an economic benefit? Surely it was worth it. The Olympics were amazing even if we lost money, you do lose money doing nice things sometimes. The question should be if the cost was worth what you got and it certainly was, imo, with the Olympics. It hard a hard job convincing people who were so set against it but from the Opening Ceremony onwards it was a great success. Even the failure of G4S to be competent turned out to be a good thing since the army did a great job. The Olympic park was an amazing place to be. We did well in the medals. We also had the best Paralympic Games ever. In China they had to give away the tickets and the athletes still mostly played to empty stadiums. Here the tickets often sold out, the events were shown in prime time and all the time.

If you don't think we did an excellent job of hosting the Olympic and Paralympic games you've got a screw loose.

---------- Post added at 00:44 ---------- Previous post was at 00:36 ----------

This is a London-wide problem. People have been buying up London properties as a form of investment rather than a home, especially those from abroad worried about their money. It's a safe and lucrative place to store your money. London is a bit better than the rest of the south east in allowing development, it happens all the time, but now developers target that market rather than the more affordable end. The result is increasing inflation in the London housing market and people being priced out. A lot of London districts are begin gentrified now, look at Tottenham and in the past Shoreditch would be an example.

Money talks. :(

Re: £11bn Olympics Benefit Target Met
 

For the Army to take over some of the duties of G4S was easy, as they didn't have to jump through the various hoops that G4S had to. Eg Security clearance, finding many temporary staff.

Re: £11bn Olympics Benefit Target Met
 

the article is about trying to justify the money spent for the olympics being hosted.

Don't be fooled that it isn't for that purpose.

---------- Post added at 01:26 ---------- Previous post was at 01:25 ----------

the other things they didn't need to worry about...giving an accurate bid for the contract etc

---------- Post added at 01:29 ---------- Previous post was at 01:26 ----------

Are you seriously saying this was the best use of the money?

It was a vanity project, that the government is doing its best to justify.

The few who benefited will be the hogs who organise the olympics (to get their back handers) and the large corporations

Re: £11bn Olympics Benefit Target Met
 

Really? Have they forget to mention how much they lost with the ticketing fiasco? How much the retailers lost while the games were on? Hotels that were half empty. Add all that up and it will take the shine off any made up figure.

Re: £11bn Olympics Benefit Target Met
 

Funny there's loads/ hundreds maybe of people from round there that were moved out to chafford hundred to make way for the olympic park and village and is up to 80% of market rent not what there charging or something, its not clear from your link what your "also" query was about.

Re: £11bn Olympics Benefit Target Met
 

The report is showing that companies have won contracts worth around £11billion as a direct result of the Olympics.The money spent on the Olympics has already been justified

It might help if you actually read it

Re: £11bn Olympics Benefit Target Met
 

I said...perhaps beyond your comprehension so will repeat with simpler words

Is this really the best use of money?

It might help if you actually read before commenting