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Tuesday, February 10, 2009

London Olympics Oppertunity to multiply your investment

The London mayor announced a legacy plan for the London Olympics. This visionary plan of 30 years in East of London offers you golden opportunity in multiply your investment if you are smart enough to think wisely and invested in the areas where you have comparative advantages over others.
The London Olympics will create “a thriving district of new communities”, the mayor and ministers pledged on Tuesday as they published a detailed masterplan for the legacy to be left by the 2012 Games.London mayor, expressed confidence that the £1bn legacy plan would boost prosperity in east London and signal the area’s “new importance in a 21st century London”.The masterplan includes proposals to build a 1,000-pupil secondary school in the Olympic stadium, which would have access to the sporting venues left after 2012. The mayor’s determination to create an Olympic university using the facilities built for the broadcast centre are also included in the plan, as well as a hub for creative and technology-based businesses.The plan also envisages the creation of 10,000 homes, in addition to up to 3,000 in the Olympic village, and 10,000 jobs on top of those created by the Stratford City retail and business development.The plan sets out precise plans for the regeneration of the area around Stratford and Hackney Wick following criticisms from Mr Johnson last year that planning for the games legacy, one of the central planks of the London Olympic bid, had been badly neglected and was behind schedule.
he mayor’s advisers hope a wide-ranging planning application will lessen the risk for developers and encourage private sector funding of the legacy projects. Although they acknowledge that the recession has brought private sector investment to a halt, they stress that the plan covers a 30-year development period after 2012.The plan sets out the vision of new communities surrounded by parklands and reclaimed waterways. It includes plans to house the National Skills Academy for Sports in the stadium as well as the English Institute of Sport. The stadium will host athletic events but retain the potential to stage other sports and leisure events, such as concerts. There will also be an arts academy and three new primary schools in the area.
In my view this shall be a place that should provide opportunities for local people and must become a real powerhouse for prosperity in the UK and in London.

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