
Why has the Olympics budget gone up, who should pay, and what we will get for our money?
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Why has the Olympics budget gone up, who should pay, and what we will get for our money?
On 30 January 2007, the Independent Casino Advisory Panel announced that the city of Manchester would host the UKs first supercasino. The city came from behind to beat the frontrunners, Blackpool and Greenwich. This note deconstructs the decision, before critically assessing the relationship between casinos and regeneration more generally. It focuses on the regeneration issues around supercasino development. It concludes with some lessons for Manchester.
A year after winning the bid, London is gearing up to deliver the London 2012 Olympic Games. The Games plan promises to regenerate the East London site and its surroundings. This paper assesses the likely economic impact of the Games on East London, Greater London and the UK.
City Markets concludes that Business-led regeneration should focus on business-deprived areas but that the Government should subsidise business activity only where specific market failures exist, in proportion to those market failures and in line with local labour market and other conditions.