The impact of planning Olympics on small businesses of Stratford and its community

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CHAPTER 2: LITERATURE REVIEW

Impact of Olympics on local businesses

Among the big winners of the Olympic Games will include Stratford City. Around £ 4 billion sees the major urban development project in front, a modern city with excellent transport infrastructure not only as an Olympic legacy, but also as a boost to the further development of East London and to establish the Thames Gateway (Baimbridge 2007, 161). With the Olympics to be carried out in view of soil treatment of surrounding land, as LDA (London development agency) is responsible as principal wins the Area at an additional attraction. There, after the event, the re-shaping of Olympics Park and the remaining months of the sports facilities. They are the new route the Channel Tunnel Rail Link CTRL leads the Euro Star, not more to London Waterloo (Hiller 2006, 47).

In its place the station St Pancras to a Conversion and extension project-wide insurance has been submitted. However, the journey continues and the next stop is then Stratford City. Stratford City will be the bulk of the Olympic Village collective accommodation gene, only a small Part is on land leased from ODA (Olympic delivery authority) Country (Bailey 2009, 51). With urban development, at least extends to 2012, to 5 million sq ft (approx. 450 000 square meters) of office space, 1.6 million sq ft (150,000 square meters) of one- and more than 4,000 apart-created openings be covered by conversion to other things the Athlete accommodation occur in normal living room (Dwyer 2003, 117).

There are also leisure and entertainment facilities, Hotels and local Buildings (schools, health center) A buy-and 5,000 parking spaces. The Australian Westfield controls 100% of the Retail development (Zone 1) (Aso 2002, 7). In the heart this is a retail complex of 140,000 square meters with four flagship Shops and a further 200 retail units, a selection of restaurants, etc. As a first flagship, in September 2006, the department store chain John Lewis Partnership, together with their high Waitrose supermarket on board who will invest 50 million pounds. Some 106,000 square meters pertaining to development of office space, 34,800 square meters account for hotel and conference space, 35 300 more on leisure and entertainment facilities. Moreover, 1224 new residential units are planned (Aplin 2000, 91). About 125 £ m wants the community to the development of local institutions, including in the education ...