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Cons:The city could becomevercrowded, more traffic jams, more pollution, people could get removed from homes (if living in apartment, increased litter, fraud, security breaches, prices get too big, bigger terrorism risks, High costs of building facilities/renovation/hosting fees.

Pros:

Economic Boom, big success guaranteed in games, greater impact on economy/tourism/housing/construction/commercialism/transit/sports, city can become living postcard, attracts large groups of tourists, biggest/best show on earth, lots of paying spectators, most TTV viewers of all time, high tech games use of advanced science helps support games, promotes awareness in communities for sports, when on the Olympics draw the most attention towards sports than during any other time, including the Super Bowl (which I thought everybody watched), and finally it also contributes to the expansion of the sports industry

ADVANTAGES

Urban regeneration

The East-end of London will be the main focus of the Olympic Zone, with the Lower Lea Valley near Stratford being host to a brand new 80,000-seater Olympic Stadium.

Housing

One of the long-term benefits of the games is the provision of 5,000 homes following the conversion of the Olympic Village after the games. However the cost of housing may increase as a result of the regeneration of the area, possibly forcing local poorer families out of their homes. Although with London's large economy, there is some protection from acute price rises during the Games.

Transport improvements

In order to transport the thousands of spectators, athletes, officials and media to the games, the transport links to the east of London are going to be upgraded. These improvements include:

  • Channel Tunnel Shuttle link from Stratford to Kings Cross
  • 45% capacity of Jubilee line
  • Extensions to the DLR
  • £1bn improvement to London East line.

Tourism

Due to the increase in the profile of London during the period of the Games, the whole of the UK is likely to see an increase in tourism. The revenue gained from this is hoped to offset any losses made by the LOCOG

Jobs

With the Olympic Zone being in an area with high unemployment, the several thousand new short-term jobs is likely to be a big boost for the area.

DISADVANTAGES

Cost

The main drawback of hosting the games is the cost. It is predicted that the total cost of staging the Games will be £2.375bn. Currently with the funding sources of Council Tax, the National Lottery, and the London Development Agency, there could be nearly £500million operating loss. However this deficit is hoped to be offset by increased revenue from tourism as a whole - however quantifying this can be difficult.

Lack of long-term jobs

The benefits the Olympics brings to the area are numerous, however there is a risk that the public is being misled of the opportunities for jobs, as nearly all of the jobs are likely to be short-term, and after the games it could leave the area still with a high level of unemployment.

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11y ago

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