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