The hospitality industry along with the broadcasting industry would be the biggest contributors, given how the influx of tourists and media coverage involved in the intricate details of such an event. The railway lines are the biggest beneficial consequence of these developments, significantly boosting the infrastructure capabilities of Newham, Hackney, and the likes.
The construction and architectural fields are in full swing as well, and as suggested will likely go on for some time, given how the Stratford City is scheduled to open in 2011, with the Olympic Games being relayed in 2012 and the follow-up transformation schemes right after that pave way for residential houses, office buildings, hotels, leisure centres, and parks. The urbanization of East London comes as a sudden rush of wind to the head with the 2012 Games, and most will agree would have a lasting effect on the poorest part of London. What the residents need to consider, however, is whether it’s worth the hassle of living by a construction site or being displaced because of it.
When considering London and its urban regeneration in light of the Olympic Games, it is imperative to note that throughout history, nations hosting the Olympics have made use of their position as host to achieve national and international goals. However, the general goal in all cases remains to develop the host city to an extent where it acquires international relevance and experiences an increase in investment from local and international parties. In this regard, while the Olympics are the highlight of the procedure, the preparation made before the games and the resultant implications on the economy afterwards serve as perhaps the most crucial and significant elements.
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