2012 Olympic Games

Recommendation It forget search whether the prodigiouss is still athlete foc apply or to a greater extent of a service maker for the host. If these games ar to prevail careful observation of previous games must(prenominal) be made to ensure that similar pitf entirelys are not stumbled upon and take a hoper(prenominal) methods croupe be im maked. A much(prenominal)(prenominal) recent turn in economics may prove a large problem for the eagerness of the games and the authorities must be careful as not to chthonian estimate the reckon, especially considering the varying views societies take on the use of reality disbursement for all this to happen.Terms of extension service Report specifications Purpose This circulate is for the sound judgment of my tutor, Alex Watts. It go away asses my infrastanding and development of report writing and the module so far. Scope I may use any material I can fetch in this report and stand no bushel to the references I can use, s o long as I do not exceed the intelligence operation mold set and I reference them on the reference page. I may use a limit less amount of material for background reading and study in relation to this report as long as they are express in the bibliography or reference page. AimMy aim is to research capital of the United Kingdom 2012 and ground the skills I have learned. Taking reference from material including newspapers, academic journals and books. I will use a broad scope of materials to present a real balanced and clear report of the games. Limitations and constraints I am special on the length of the report and the due date. The maximum length of the report is 2500 words not including the reference list and bibliography and the due date is the twentieth of November. I must ensure my meet is of a certain layout and agency with a contents table.I may use a maximum of cardinal references from internet sites and any other information obtained from internet sites with have to be recorded in the bibliography and will not count to one of my 15 minimum references. in addition when making reference and listing reading materials I must keep them in accordance with the Harvard referencing system. Objectives This report is due in on the 21st of November and has a word limit of 2500. The key target in this report is to analyse whether the games will bring all the benefits the government is suggesting.This report will explore the claims made by the government and capital of the United Kingdoms whitethornor Boris Johnson and weigh up whether they are also coarse a task for them to realise in the long run. I will base a conclusion on all the references and information I have put together throughout the report. Methodology and Procedures Materials I had very little knowledge of the prodigiouss previously and started by looking at early(prenominal) games on various web pages and began relating them to 2012. I paid particular oversight to the economic side of the exceptionals and what it means on a global weighing machine to the country considering the new economic threat in full force.How I sourced materials I firstly went to the LJMU library (Aldham Robarts) to source information, I couldnt find many an(prenominal) books on the subject and proving far more useful was the LJMU electronic library presenting me with much more information in the form of e-books and academic journals. Many of my searches turned up very specific material from e-books. I then turned to the internet using online newspapers and specific websites on the surpassings. Materials utilize All materials I have included in my report can be found in my reference list.Any other information that I have sourced that exceeded my reference limit or having be directly used in the report can be found in my bibliography. Findings/ abridgment The tempt Once the decision was taken in May 2003 to argue for the 2012 Summer Games the slogan Back the Bid filled billboards a nd posters on the sides of buses and was weave into the fabric of seats on the tube. Opinion polls suggested consistent attendant for the campaign tally at about 70%, and by May 2005 1. 2 million capital of the United Kingdomers had signed up online to Back the Bid and 10,000 had already volunteered to be helpers at the Games (The capital of the United Kingdomer, 2005 cited by Newman 2007).There was an instant surge of support for the exceptionals from the word go, an overwhelming number of capital of the United Kingdomers supported the ask in. Following success in the Olympic competition on July 6, 2005 and the London bombings on July 7, 2005, the dominant find of London as host for the 2012 Games is as a city diverse and bold. (Government office for london, 2006 cited in Newman, 2007) London presented itself as this strong figure in the global portrait and drove forward with this image to try to bushel 2012. The city of London will host the Games of the XXX Olympiad.Foll owing quaternion rounds of ballot by members of the International Olympic mission (IOC) on 6 July 2005 at the 117th IOC Session, in Singapore, London eventually triumphed by taking 54 votes from a possible 104. This gave London the majority that it needed to be elected as the host city for the 2012 Games. London had to overcome stiff competition, however, in the form of Paris, New York, Moscow and Madrid in its bid to get the Games. (British Olympic Association, 2008 online) London landed a very substantial number of votes in the election and proved to be strong candidate in the runnings all the elan though to the final election.Rejuvenation New image Boris Johnson put forward today that the 2012 Olympics would be much, much more fun than the capital of Red China Games as he unveiled a vision of the party atmospheric state they could bring to London. (Sparrow, 2008) A brighter and better future is seen to be forged for London out of the games The Olympic Development Authority is keen to transform the view site in Stratford, easternmost London, into a flourishing residential are once the athletes have left. This is great news for Stratford and east London which could truly benefit from the rejuvenation.Also the lea valley is set to transform into one of the citys most treasured parks. Britains bid for the 2012 Olympic Games would transform 1,500 land of east Londons Lower Lea Valley, one of the UKs poorest areas, into the main Olympic site. (Allen, 2004) localisation The main Olympic venues are to be located in an Olympic Park and neighbouring areas largely in the borough of Newham in east London. These parts of the city were identified as prospective Olympic sites in the late mid-seventies when a bid for the 1988 Games was be considered.The mayors London final cause favours the east of the city over the west, encouraging new development to hold fast new public transport investment (Greater London Authority, 2004) It was obvious that the east en d would benifit from the developement, the games will help rejevenate london in favour of everyone sustentation in that location. Athletes competing in the 2012 London Olympics will be housed in a small town where apartments will be sold for up to ? 1m after the Games are over. (Pocock, 2006) The Olympic Development Authority is keen to transform the location site in Stratford, east London, into a flourishing residential are once the athletes have left.This is great news for Stratford and east London which could really benefit from the rejuvenation. Also the lea valley is set to transform into one of the citys most treasured parks. The Olympic village will be designed as part of a new water city which is said to incorporate the green spaces, water ways and canals of lea valley park. When all told is finished they will leave behind 5000 apartments. Economic impacts With The Olympics attracting thousands of spectators a stratum globally, through radio, television and the thrill of being there, it doesnt come as a surprise that there is specie to be had for raft unbidden to get involved.Growth More than 800 companies have won ? 3. 5bn of work in set for the London 2012 Olympics, new figures reveal today. (William, 2008) In the face of an economic recession people may argue that the Olympics Is too much of a big task for the UK to achieve and doing so will put even more strain on the economy with the large budget of tax payers money needed. But in wake of this crisis it could prove to be a deliverer in the field it was thought to magnetic inclination, over 68 percentage of the work awarded to 801 so far has been given to small-medium sized businesses and 98 percent of the companies are UK based.On top of that not only will London benefit merely 46 percent of the work is going to firms outside of London. It will exsert new work to many businesses in a sequence account to bring hardship. London 2012 is an unmissable fortune in such a time of economi c need. An estimated ? 4 one thousand thousand contributor to the London economy is think for the capital prior to and during the London 2012 Games. Combine this with the projected ? 40 billion growth in the London economy over the next four years and it becomes clear that 2012 is just the start of Londons growth. London Developement Agency, 2008) Over spending? Senior figures in the Department of Culture Media and Sport (DCMS) believe the Olympic Delivery Authority (ODA), the body responsible for construction the infrastructure of the Olympic project, is out of control.They accuse the ODA of failing to adapt to the realities of the credit calf love and a likely future recession and fear that the promised Olympic legacy is now at risk. (Howker, 2008) Athletes competing in London 2012 face a trounce on living space in the Olympic Village as the deepening credit crisis threatens resources. OConnor, 2008) Massive budgets have been set and they continue to rise, sure prompting a r evamp of the infrastructure of the London Olympics? More and more money keeps getting pumped into the Olympics, stadium costs have come up ? 16m and the aquatics centre has almost tripled to ? 303m. Not to mention an estimated injection of ? 250m for the building of the Olympic village. the Treasury agreed to give the ODA an interim payment of ? 93m to give chase ongoing costs in the construction of the Olympic Village. The money was needful because organisers cannot find sufficient private investment. Howker, 2008)In the past year, board members of the Olympic Organising Committee received ? 1,000 per two-hour meeting and the chief executive, Paul Deighton, a former Goldman Sachs banker with a personal fortune of more than ? 100m, was paid a salary of ? 557,440. The delegation chair Lord Coe splits his time between his Olympic work, for which he receives more than ? 250,000 a year, and managing the Complete Leisure Group. (Howker, 2008) Borris Johnson has been told by his 2012 a dvisor, David Ross, that the ? 9. 3b budget may only if not be enough. Overspending, deadlines eading further out reach and mounting compel from a forecast recession in the economy dont fair to well for the foreseeable future of 2012.The Olympics minister Tessa Jowell has been scurrying to let off her remark that had we known what we know now about the horrible state the economy would be in, we would almost certainly not have bid to host the games, back in 2005. (Conn, 2008) With budgets overstretched, private money not forthcoming, and ministers under pressure to find savings in a shrinking economy, Londoners expertness be forgiven for wishing that they were not hosting the Olympic and Paralympic Games in 2012 after all. Rajan, Carbon-neutral flak for green Games, 2008) If the overspending continues to rise societies delicate views may shift on the London Olympics. Everyone is feeling the strain of the economic hardship, with government spending at a high with the Olympics and with the banks in such trouble, people may wonder where there money is really going.Funding Cadburys Much backing has been sourced for the budget for the Olympic games, the budget currently sits at around ? 9. b, its much higher than first give tongue to but private funding is expected to make up a large chunk of this. Cadburys is set to be one of the private sponsors The organising citizens committee for the Games (Locog) said the firm would be a Tier Two pardner by adding ? 20m to the ? 410m of private money already secured to finance the event. (Rajan, Cadbury to sponsor London 2012 Olympics, 2008) The lottery One large funder of the Olympics will be the national lottery and this has stirred much controversy. London will profit far more from the Olympics than any other part of Britain.For the next seven years local museums, galleries, theatres and village halls all over the country are threatened with losing the funding they have used so well. Winning the right to hold the Olympics is a triumph, but it must not be paid for at the write off of arts and sports in the rest of the country. (Renton, 2005) Lottery interest has fallen from its pilot film super success new ways are always being put forward from Camelot to rejuvenate public interest in the scheme. At its heart the lottery donates and awards large sums of money to charities and clubs.Arts, sports and good causes are a few of many. This lately has seen to be neglected in light of the Olympics and people fear that the allocation of resources to the Olympics through the lottery is too much of an opportunity cost in light of the causes that should arguably be benefiting from it instead. Conclusions London 2012 The Olympic Games being help in London is a great put on the line for the UK to shine, not only London but the whole country is on show to the world with thousands of tourists, athletes and officials visiting and millions honoring on television.This is one way to tackle the economic crisi s at hand, publicity and profit can be gained from this event if handled in the right way. Thousands of jobs will be realized with the abundant sum of money and contracts offered to businesses, specifically small businesses within the UK with 98 percent of the work going to UK based businesses. This could be exactly what the economy need right now. East London will undergo a extensive revamp and thousands of new accommodation and prestigious living are will be available all sure to boost spirit and prove a success. However the mounting obstacles may prove just too much for the project to overcome.The economic crisis brings with it increasing skepticism from the public and many officials. Budget targets are being exceeded and many are regretting the original bid in light of this new hardship. With the masses on hand watching it seems like London is setting itself up for a bigger fall with the whole world ready to watch, costs may end up having to be cut and the games may not live up to the primarily touted legacy leaver as once believed.