The Olympic Javelin shuttle will take passengers from St Pancras to Stratford in less than seven minutes.YOUTHAs a borough with one of the highest numbers of young people in the UK and the fastest birth rate in Britain, the Games should encourage youngsters to take up sport.. Planning permission for an 80,000-seat stadium and 17,320-bed athletes' village has been granted. The aquatics centre, a velodrome and a hockey centre are guaranteed for the area.TRANSPORT LINKSThere will be 10 train and Tube lines within walking distance of the Olympic Park. We will meet the challenge."Regeneration of a deprived areaHOUSE PRICESThe average house price is predicted to rise 10-15 per cent within the year, according to some estate agents, and a flurry of property investors are expected to create a 'snowball' effect by building residential developments on wasteland.NEW HOMESUp to 5,000 apartments had been scheduled to be built under the Stratford City project, but this will now double.JOBSAbout 34,000 permanent jobs for the Stratford City project have been earmarked, as have 15,000 in construction and 6,000 in retail; 3,000 are predicted in leisure and entertainment.SPORT FACILITIESWork has begun on preparing the site for an aquatics centre. And the investment will benefit the area long after the Olympics have come and gone The industries will remain and the buildings will remain. It will be a major boost not only for east London but for the UK. And many wondered if local residents would end up footing the bill for it all.
Graffiti daubed behind Stratford station says: "2012 - Killing local businesses."One local resident, who asked not to be named, said: "Canada is still paying for the Olympics No one is looking at whose is going to pick up the pieces. Newham is one of the most deprived boroughs in the country - why should I have to pay for it through my tax, or possibly raised council tax? We have to ask ourselves, is the majority going to benefit or will it be big businesses and politicians that make their names in history?"But Aman Dalvi, chief executive of Thames Gateway, a government regeneration project for the area, said he was determined that Stratford's redevelopment plan would be completed in time for the Games.He said: "People said we would not win the bid and we did People say we will not deliver in time but we will. East London has been starved of local amenities but all that is about to change and that will affect property prices not only in Stratford but Bow and Hackney."But some were concerned over how much regeneration needed to take place before Stratford would be ready to cater for an international crowd of hundreds of thousands. In Stratford, there is not a great amount of terraced housing and there is a lot of wasteland. People will now start cashing in on this if they have already bought the land.
It will have a snowball effect as others will look to invest."A lot of investors have seen a rise in property prices over the past five years but I think we'll see a further 10 to 15 per cent rise by the end of the year. We can see the change in Stratford already but the buzz word here will now be 'sport' It will be cool to do it, because the Olympics are coming. There is a lot of talent in the East End as well as the rest of the country but the need for facilities to be able to train is important. Having the coaches and making sure to look after them so they will stay and raise champions is also important now."Richard Everitt, director of Winkworth's estate agents in Stratford, said the bid success would raise house prices by up to 15 per cent by the end of the year and draw in property investors to build homes.He said: "We have got a lot of regeneration in the pipeline but this will cement it 100 per cent. There are canals and rivers that run across the borough but now we will have bridges so you can get from one east London borough to the next."It is hoped the Games will benefit not just the East End but all of London.