London 2012 Games Case

506 Words2 Pages
bulb-icon

Recommended: Positive effect of london olympics

In the case of London 2012 Olympic Games, it has been estimate that the impact of the Games will contribute to UK gross domestic profit (GDP) around £16.5 billion (2012 prices) with 70% of it is generated throughout the Games and the rest 30 % occur as part of its legacy.
a) Land usage
The 312 hectares of land at East London has been fully utilized where the potential land that was neglected and not used for any development has form an area like the post Games usage and Olympic Park. The land that at first under used and inaccessible has been acquired and through the remediation process to transform the area not only into Olympic Park, but also wider the Stratford City site which led into a programme of activity such as the construction of affordable housing, attracting business investment and more. Arising from that, it also has led into improvement of numbers of public transport such as the Docklands Light Rail (DLR) and North London Line. This has increase the transport system capacity and accessibility of London.
b) Labour
The second highest unemployment rate in England is London's where 43% of the children in the inner London have living in derelict condition. The impact of the London 2012 Games has create 17,900 additional jobs per year between 2012 and 2015 in Great …show more content…

The variety of building construction such as retail and leisure outlets will increase the spending rate and creating the job opportunities for the wage income. Practically, the new development in the Olympic such as shopping complex and hotels are more successful in their market with the influence of London 2012 Legacy. Furthermore, the major sporting events construction such as Olympic Games and the FIFA World Cup has show their long lasting legacy for many years

Show More
Related

  • Controversy In The Berlin Olympics

    731 Words  | 2 Pages

    The controversy in Berlin Olympic Games was that the some of the Jews excluded from the Olympic team were actually world class athletes. The athletes left Germany, along with other Jewish athletes, to resume their sports careers abroad.The Nazis also disqualified Gypsies.The Olympics were intended to be an exercise in goodwill among all nations emphasizing racial equality in the area of sports competition. But the Nazis thought that only the Aryans should participate in the Olympics games to represent Germany.Then after that controversy then the committee of the Games wanted to move the Olympic Games to another country.This was because usually the U.S. got the most medals because they sent the most athletes.

    Read More

  • Olympic Games Dbq

    958 Words  | 2 Pages

    Since 776 BCE, the Olympics have been a way for people of different cultures to come together and compete in friendly competition. In 1892 the first modern Olympics were held in Athens, although it had been over a thousand years since the last game it still had brought together an assortment of different religions and ethnic groups together. Many factors shaping the Olympic Games reflect the changes that have taken place in our world since the last game in 393 CE in Greece such changes include woman’s suffrage, global economy, world wars, and proving competency.

    Read More

  • The Pros And Cons Of Boston Hosting The Olympics

    335 Words  | 1 Pages

    We shall start with the positive externality. Hosting the Olympics in Boston would bring benefit to the construction crews in Boston. The Olympics is an international event that attracts immense amount of visitors. In 20012, the London Olympics has attracted 680,000 over sea visitors1. Since these visitors are from oversea, they will require temporary residence for their stay in Boston. Thus leading to an increase in need of Hotels and Restaurants. Apart from the stay, setting up temporary

    Read More

  • Obesity and Ambition: An Olympic Dream

    1134 Words  | 3 Pages

    The 2050 Summer Olympics are quickly approaching. Dan from Chicago has dreamed of making it to the Olympics since he was very young. Through his adolescent years, Dan struggled with obesity. He would try diets and workout plans but nothing would really work for him. Even though Dan is overweight, he still has the ability to run faster than all the other kids. All he wants to do in life is go to the Olympics. He believes that is his calling. When he tells people about his plans to become an Olympic athlete, often people say, "You 're way too big to be an Olympic sprinter," or "You don 't look like someone who would be in the Olympics." Dan starts to think to himself, "I might actually be too fat for this." Doubt creeps into his mind. He begins

    Read More

  • London 2012 Olympics and Risk Management

    1013 Words  | 3 Pages

    As stated before, the Olympic Games have become a mega event in size and complexity compared to what it was in its beginning during Athens 1896 Olympics, when only 241 amateur athletes competed in mini sports. Therefore, the number of risks that can take place during the even has increased significantly including aspects such as infrastructure, finance, operations, security and including natural hazards as well as manmade hazards.

    Read More

  • The Current Scale and the Economic Importance of the Sports Industry

    2087 Words  | 5 Pages

    When the world cup was hosted by Japan it brought in a big influx of foreign currency, tourists and additional spending on goods and services. Large sport events such as Wimbledon or the European championship has a similar effect as a multiplier effect. The economic situation of British football has changed massively in the last ten years: what was a hugely under-capitalised industry at the end of the 1980s (that operated on very tight margins and often had to endure enormous losses) has been transformed into a multi-million pound business where the maximisation of revenue and profit are key strategic objectives for clubs and associations alike. (http://www.liv.ac.uk/footballindustry/ninetieshtml). There has been a rapid growth in professional footballers since 1986 accompanied by a significant increase in player employment turnover There are a number of employment opportunities available to those on the football programmes.

    Read More

  • The Pros and Cons of Hosting the Olympics

    1040 Words  | 3 Pages

    Rose, A. K., & Spiegel, M. M. (2011). The Olympic Effect*. The Economic Journal, 121(553), 652–677

    Read More

  • Cost Obligations For Olympic Host Cities

    1547 Words  | 4 Pages

    For example, the IOC requires host cities have at least 40,000 hotel rooms available for tourists, athletes...etc. In the case of Rio de janeiro, 15,000 rooms needed to be constructed.

    Read More

  • How Sustainable Is the London Olympic Stadium

    1584 Words  | 4 Pages

    The Olympic stadium was designed by Buro Happold and constructed by Sir Robert McAlpine (Mark Hansford 2011). Construction began in May 2008 and was completed just under 3 years later in April 2011. The Olympic Stadium lies to the south of Olympic park, the massive regenerated area upon which most 2012 Olympic venues have been built. During the Olympic Games the stadium will have a capacity of 80,000, but in post-games life this will be reduced to 25,000 with the removal of the temporary upper tier (Olympic Delivery Authority n.d.).

    Read More

  • Mega Sports Events and Its Effects on the Cities

    518 Words  | 2 Pages

    Mega events are short-lived collective-usually cultural-actions that have long-lived pre- and post-event social dimensions, impacts and effects, which include world expos, Live Aid concerts, Earth Summits, Olympic Games, World Cups, bring together various signifiers of an emergent global order (Roche, 2003). Mega events such as the Olympic Games and FIFA World Cup are also known as mega sport events. Mega sport events are seen to have the ability to produce a wide range of significant economic and social benefits for communities and regions, which they could help increase the opportunities for new expenditure within a host region by attracting visitors to the region (Getz, 1994).

    Read More

  • Cvd Arena Essay

    686 Words  | 2 Pages

    A significant benefit is the long-term investment which comes from preparing and hosting a major event. The city can improve its legacy of hosting major sporting event by hosting another successful event. This type of event will also encourage the city to renovate and repair things, to make the city more attractive, and to also reduce any hazards or risk.

    Read More

  • Should The Olympic Games Be Paid?

    503 Words  | 2 Pages

    The cost of the games can get expensive. In 2008, Beijing's total sum for the Summer Olympics was $42 billion. In Sochi, they spent $50 billion for the Winter games. This money is used for security, affordable housing, as well as clean food and water, stated in paragraphs 4-6.

    Read More

  • Essay About Hosting The Olympics

    1258 Words  | 3 Pages

    One may disagree that hosting Olympics is not worthwhile as it requires a city or a country to bring out an enormous sum of money for the preparation and planning of hosting the Olympics. Zimbalist (2012, pp. 116) says that the summer Games roughly generates a total of $5-$6 billion and almost half of it belongs to the International Olympic Committee. On the other hand, the cost of the games has increased roughly

    Read More

  • London Olympics Impacts

    1327 Words  | 3 Pages

    The city of London is the capital of England and the most populated city in Britain with a population of 8.788 million (2016) and a population density of 4,542 inhabitants per square kilometre. London is also the first city to host the modern summer Olympics three times (1908,1948,2012). (The Times of India London Olympics 2012, 2012). Although London is the most frequent city to host the games, there is still debate on whether it was a smart move by the government to host the Olympics. Throughout this report, there will be analysis into the positive and negative impacts of mass transit changes, social impacts, economical impacts, and environmental impacts, along with an evaluation to whether it was smart for London to host the games.

    Read More

  • The Importance of Sports to Mass Communication

    769 Words  | 2 Pages

    The economic impact of media sports illustrates the central importance to our culture. For example: Statistics shows that Americans spend more than 60 billion of dollars annually on sports (it is between 1% or 2% of Gross National Product). Being a star in media sports in America means receiving a temporary income in 6 or 7 figures.

    Read More

More about London 2012 Games Case

Open Document