Regeneration 'key' to London 2012 success
The chairman of the Olympic Delivery Authority (ODA) has said that regeneration must form the cornerstone of investment programmes for London 2012.
Speaking at a Foundation for Science and Technology debate on what legacy the Games will leave after their completion, John Armitt insisted that local communities should be the main beneficiaries.
The ODA chairman praised the progress that has already been made in clearing and sanitising a previously neglected and contaminated part of East London, but he said much more remains to be done.
Work has already begun on building over 30 new permanent bridges and 20km of roads, Mr Armitt noted, with improved transport links also ensuring the regeneration will have a lasting impact on the area.
Alluding to positive indications that East London property could steadily become more attractive, he noted: "The investment in the regeneration of this area is not coming just from the public sector.
"London 2012 is also acting as a catalyst for significant private sector investment and last week Westfield announced the green light on the £1.5 billion Stratford City retail-led development adjacent to the Olympic Park."
Published 16th July, 2008
© 2008 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
Barking Splash Park opens this weekend
Barking Splash Park will be free to use this weekend (May 25th-27th) to mark its opening.
Read Article ... Published on 24th May, 2012
Southwark estates to get cheaper energy bills
Residents in Southwark can look forward to cheaper energy bills thanks to the creation of a new underground green network.
Read Article ... Published on 23rd May, 2012
Enfield £1.3bn masterplan unveiled
A masterplan has been unveiled that will see a 200-acre site in Enfield regenerated as part of a £1.3 billion plan.
Read Article ... Published on 23rd May, 2012
Londoners encouraged to grow their own fruit and veg
People in London are being encouraged to grow their own fruit and vegetables.
Read Article ... Published on 22nd May, 2012
Merton 'embraces green improvements'
Merton is now a cleaner, greener location to live in thanks to the implementation of the Wandle Valley Low Carbon Zone (LCZ).
Read Article ... Published on 22nd May, 2012
London house prices rise by 1,782% in past 35 years
London house prices have increased by 1,782 per cent in the last 35 years.
Read Article ... Published on 21st May, 2012
Poplar's Chrisp Street to get £100m regeneration
Some £100 million is to be spent regenerating the Chrisp Street area of Poplar in Tower Hamlets.
Read Article ... Published on 21st May, 2012
Putney community hall gets £150k refurb
Newlands Hall in Putney Vale, Wandsworth, has reopened after undergoing significant refurbishments.
Read Article ... Published on 18th May, 2012
Harrow cycling and walking routes improved
Extensive improvements have been be made to the cycling and walking routes in Harrow.
Read Article ... Published on 17th May, 2012
Norwood Park gets outdoors gym installed
An outdoor gym has been installed in Norwood Park in an effort to encourage more people to take up exercise.
Read Article ... Published on 16th May, 2012
The chairman of the Olympic Delivery Authority (ODA) has said that regeneration must form the cornerstone of investment programmes for London 2012.