After the Olympics

Treadstone2.0

vivatifosi wrote: »

One thing that's missing in this is that we didn't previously have a world-class athletics facility in this country. We'll now have a stadium where the best in the world want to appear. I'm an athletics fan. If you look at Crystal Palace its a joke - worse than some high school facilities in the US as well as being the pits to get to. Other track facilities in the UK are not a lot better. To get the big meetings and the top athletes along we need a decent stadium. Athletics has a good following in this country and people will attend. There can be no doubt that the UK will bid for major meets following the games and, IIRC has already won some major events. Athletics fans have been promised this for a long time and were royally stitched up over the building of Wembley where the track was taken out.

I want to not only attend the athletics events at the Olympics (which are bl**dy hard to get tickets to though we've got one pair), I want to see top class Diamond League meets, world and european championships. The stadium will give me the chance to do that. Meanwhile it can be anchored by a football club and achieve other revenue from events such as concerts. Seeing value from the stadium involves not only thinking of it as a home to West Ham, but as a multi-use space.

All very well but after the games everyone goes home, how big a crash will London see?

RenovationMan

Treadstone2.0 wrote: »

All very well but after the games everyone goes home, how big a crash will London see?

About as big as the crash we saw when the OptionArm time bomb exploded.

joe_blotts

Well there is that 9 billion pound Bill to pay.

The Games has cost the British taxpayer more than 9 billion pounds ($13.97
billion)at a time of economic downturn, when Britons have had to tighten their
belts and they have seen public services pared to the bone.

The official cost of the Games has trebled since its initial estimate, with some observers suggesting it could be as high as 12 billion pounds.

This is at a time when Britons are struggling with a double-dip recession, rising unemployment and severe public spending cuts.

http://www.reuters.com/london-olympics-2012/articles/2012/07/24/are-2012-games-one-too-many-london

Treadstone2.0

joe_blotts wrote: »

Well there is that 9 billion pound Bill to pay.



http://www.reuters.com/london-olympics-2012/articles/2012/07/24/are-2012-games-one-too-many-london

It has been good at keeping unemployment not too bad, all those extra employed directly and indirectly.

What happens when its all over and they all are unemployed again?

The property market will fall when the Olympics are all over.

Generali

macaque wrote: »

For the past 5 years London has seen a huge influx of people to support planning, organising and construction for the London 2012 games. 7 million tickets have gone on sale and 204 countries are competing. From each country there will be athletes, trainers, medics, team mangers, reporters, camera crews, translators and supporters.

What happens to London property when this caravan leaves town?

I think Out, Vile Jelly has the answer:

Out,_Vile_Jelly wrote: »

Those who bought in "up and coming" Stratford will probably feel rather foolish.

Other than that, I don't think much will change.

chewmylegoff wrote: »

Couldn't you just post this in the other silly thread on this subject that is already going rather than start another thread exactly he same as the other one?

I think as Chairman and CEO of the 70% club, our favourite simian has every right to post this press release for the interest of the board at large: give it a couple of years and he'll be on the morning news.

macaque is bound to be more interesting than that housepricecrash.com Jonathon bloke, especially when he starts grooming the other guests he agrees with.

http://www.youtube.com/watch?v=-Y5YLtd1DUY

If/when 70% arrives in the UK, macaque will be the one getting groomed!

RickRule

He was right about Ireland, they have fallen over 50%. The UK is catching up.

The-Joker

macaque wrote: »

Good question, what's the answer? Apparently there are 14,000 athletes and if each of these has on average 100 organisers, supporters and hangers on, that suggests that accomodation for between 1 and 2 million people will be freed up over the next 6 months.

A slight case of hoperbole but yes you are on the right lines. But the perma propbulls wont have it that there are over a million empty properties in the UK before all these new properties are left empty after everyone flies off after the games.

robmatic wrote: »

PS Buy silver.

http://www.youtube.com/watch?v=wSXoWvtf5Uc&feature=channel&list=UL