WAD 2014

THURSDAY 31 JULY 2014

SEARCH   
 
 
World Architecture Day 2014
 
World Architecture Day 2014
Previous Next
 
London 2012, London, United Kingdom 
Thursday 06 Jul 2006
 
London Games hijacked 
 
Stratford Bridge 
 
Your comments on this project

No. of Comments: 0

Add comments | More comments

Be the first to comment
 

Costs soar for 2012 Olympics as UK Government hijacks funds for East End regeneration 

Just 12 months after winning the competition to host the 2012 Olympics, projected development costs are spiralling out of control. This week Ministers will be asked to approve an increase of £1.5 billion ($2.75USD) in the budget taking the total to £5 billion. The Olympic Park is strategically located adjacent to the Government’s controversial Thames Gateway scheme, the largest brownfield site in Europe. However much of the site is on flood plain. Ministers are using the Games as a catalyst to drive their 120,000 homes proposal forward by funding infrastructure from the 2012 budget. Recent proposals for post-games use of the Lea Valley Olympic site have conveniently blurred the boundaries between the Games and the Thames Gateway development.

Michael Hammond

Key Facts

Status Design
Value 7.2(m€)
Editorial

More projects by this architect

Sir Richard MacCormac: 1938 - 2014

Lucas Museum of Narrative Art

Heron Tower to become Salesforce Tower London?

WAD14 Partnership with Mr. He of Franshion

PSES Building

More Projects

Latest Jobs in London

Senior Interior Designer

Senior Project Architect - Studio Manager

Marketing and Submissions Coordinator

 
Vola
ECOWAN