Will the Olympic Games in London stimulus to the e...

London and its inhabitants are impatiently waiting for the second half of summer, when visitors from all over the world come here to the Olympic Games. Owners of hotels, shops and restaurants gleefully rubbing their hands in anticipation of good earnings. Easy Londoners happy opportunity to witness the competition of the best athletes in the world. Police looking for ways to ensure the safety of athletes and spectators during the competition.

Hundreds of thousands of tourists come to Britain to spend this money on goods and services. This is an undoubted success for the business and the economy as a whole. However, short-term economic benefits may be too small compared with long-term problems to be faced due to the London Olympics. What are these problems?

Problems of the East End

Most of the sports facilities built in preparation for the Olympic Games, are in the East End, a poor area of ​​London. City officials expected to turn the area into a new sports and entertainment center of the capital. They did not stop before the demolition of old buildings for the construction of sports facilities.

Many garages, bakeries, warehouses were forced to relocate due to construction work. They received compensation from the authorities of the city, but who compensates for loss of business to loyal customers who stayed at the old place? Small shops and stores in the East End will not be able to compete with the fashionable establishments of the West End and City.

Construction of sports facilities on the site of small businesses makes sense, if the Olympics will be held annually in London. Why should a poor district of-the-art stadium for team sports, if the competition of this level are not so often? Sport facilities destroyed the economic relations in the East End, but they will not be able to maintain a high level of economic activity in the long run.

Out there where the entrance

Authorities in London will not be able to return the former appearance of the East End. This area can be saved from decay by increasing its popularity among tourists. How can this be achieved if the sports facilities are not sufficiently attractive targets? Construction of the entertainment and shopping centers, the opening of museums, galleries and exhibition centers will make the East End of the twin brother of the West End.

Will the leadership of the city to find the money to transform the region? It would not be out in a few years, when London will turn into two different cities because of the differences between the developed and the central regions of the deserted east-end.