Olympic Games and Regeneration
This note discusses the regeneration potential of the London Olympic Games
• The bid for the Olympic Games 2012 was based on a plan to regenerate a rundown area, rather than to use already existing facilities. This note discusses progress on regeneration and the legacy. Other relevant notes are: London Olympics 2012: Transport (SN/BT/3722) and Thames Gateway (SN/SC/3269).
• The 2009 Strategic Regeneration Framework set out an ambitious legacy vision that the communities who host the 2012 Olympic and Paralympic Games will enjoy the same social and economic chances as their neighbours across London.
• A February 2010 Greater London Assembly Committee Report called for ambitious targets for the employment of local people on construction projects.
• The Commission for a Sustainable London 2012 praised what had been achieved but noted that in relation to knowledge sharing and the future of the Olympic Park after the Games, there had been few commitments to back up promises.
• The National Audit Office report in December 2011 said that the Olympic Park Legacy Company was largely on track in its objectives. However, a few uncertainties remained.
• In 2012 the Government announced a transfer of responsibility to the Mayor, including approval of the Mayoral Development Corporation for the Olympic Park.