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The Assembly warns that “there is now increasing risk that the LLDC will be unable to repay all of its anticipated £520M of borrowing”. The report reveals that costs associated with the East Bank scheme were already accelerating prior to Covid-19, increasing by 22% between June 2018, when the mayor publicly launched the project, and the 2020-21 Budget. “There is now a real threat that the very issue that was meant to be different this time around will be repeated, and that the capital will be bearing the legacy of a costly, taxpayer-funded albatross, hanging around the neck of Londoners for decades to come.” London 2012 was meant to be different, and this was a lynchpin of the original bid that beat Paris to the trophy of staging the Games. The report concludes: “Many former Olympic parks across the world have turned into derelict, costly disasters. The findings are from London Assembly’s investigation into the finances of LLDC, the body set up for managing the physical legacy of the 2012 Olympic Games It aims to provide skills and jobs for local people attract visitors from around the world bring more than 10,000 students to the site deliver 2,500 jobs and generate a £1.5bn boost to London’s economy. The East Bank is the London Legacy Development Corporation's (LLDC) flagship regeneration scheme, aiming to deliver “one of the world’s largest and most ambitious culture and education districts” across three sites in the Park. The Assembly’s investigation also warned of increased costs on the East Bank housing scheme due to Covid-19 restrictions.Īccording to the Assembly, construction costs on the scheme have already increased by £151M since the first lockdown. If West Ham are relegated to the Championship, this cost could increase by £1.5M. Our involvement with this legacy continued at the Olympic Park with our BALI 2014 Grand Award winning South Park Plaza Pleasure Gardens, the new and exciting Canal Park alongside the Lee Navigation Canal, the re-instatement of the landscape around the Olympic Stadium and now Here East, the building previously known as the IBC (International Broacast Centre) during the Games.London’s 2012 Olympic Park is at risk of becoming a “derelict, costly disaster” as operating the London Stadium continues to haemorrhage money and the construction cost of the East Bank housing scheme soars.Ī new report from the London Assembly budget and performance committee has warned that the London Stadium, the home of West Ham United, is costing Londoners more than £8M per year to run. The award of the 2012 Olympic Games to London was built on the commitments made to the on-going legacy and regeneration of a significant land parcel once the Games had finished. Sarah Price undertook the spatial design of the gardens, and the detailed planting design within the gardens.
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They called upon Professors James Hitchmough and Nigel Dunnett from the University of Sheffield, to assist in the development of the plant lists and specifications. The design of the gardens was by LDA Design/Hargreaves Associates, who were the lead consultants for the Parks and Public Realm project. Walking the gardens, visitors were taken on a tour of the bio-diversity hotspots of the world that have been the major source of plants for UK gardeners over the past 600 years. "The mag nificent scale of the planting at the Olympic Park wowed the event's millions of visitors, as well as television audiences." Annie Gatti, Sunday Times While the main focus in the Olympic Park Gardens, as a whole, is on native biodiversity and ecological approaches such as the annual meadows, the London 2012 Gardens explored the horticultural diversity of British gardens. For those fortunate to have had the opportunity to visit the Park during the London 2012 Olympic Games, would have experienced a landscape of spectacular celebration of contemporary horticulture and planting design which comprised of half a mile of naturalistic perennial plantings.