Financing for Olympics 2012

The costs of mounting the Games are separate from those for building the venues and infrastructure, and redeveloping the land for the Olympic Park. While the Games are privately funded, the venues and Park costs are met largely by public money.

On 15 March 2007, Tessa Jowell announced to the House of Commons a budget of £5.3 billion to cover building the venues and infrastructure for the Games, at the same time announcing the wider regeneration budget for the Lower Lea Valley budget at £1.7 billion.

On top of this, she announced various other costs including an overall additional contingency fund of £2.7 billion, security and policing costs of £600 million, VAT of £800 million and elite sport and Paralympic funding of nearly £400 million. According to these figures, the total for the Games and the regeneration of the East London area, is £9.345 billion. Then Mayor Ken Livingstone pledged the Games Organising Committee would make a profit.

The costs for staging the Games (£2 billion) are funded from the private sector by a combination of sponsorship, merchandising, ticketing and broadcast rights. This budget is raised and managed by the London 2012 Organising Committee.

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Public Transport for Olympic 2012 (III)

Concerns have been expressed at the logistics of spectators traveling to the events scheduled for outside of London. In particular, the sailing events at Portland are in an area with no direct motorway connection, and with local roads that are heavily congested by existing tourist traffic in the summer. However the Weymouth area did undergo a major upgrade on its road infrastructure. A £77 million relief road connecting Weymouth to Dorchester was built and opened in 2011. Some £16 million pounds was put aside for the rest of the improvements. Inaddtion the plans removed 5 roundabouts to ease congestion and replaced them with traffic lights But some residents were unhappy that the roundabouts were removed.

In January 2010, the South East England regional transport board criticised plans published by the Olympics Development Authority for not providing plans of a credible long term coach network saying "The ODA has been working on an extensive network of coach services... the lack of reference to this work is both intriguing and at the same time concerning." On 15 February 2010, the ODA announced that FirstGroup was the preferred bidder for the provision of bus and coach services for the games. This will involve the provision of venue shuttle and park and ride services, services connecting peripheral park and ride sites on the M25 with the Olympic Park and Ebbsfleet, and a nationwide network of express coaches to the Olympic Park, and the Weymouth and Portland sailing venue. The services will require around 900 vehicles in total, although some will be sub-contracted.

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Public Transport for Olympic 2012 (II)

TfL also propose the construction of a £25 million cable car across the River Thames, the "Thames Gateway Cable Car", to link 2012 Olympics venues. It will cross the Thames river between Greenwich Peninsula and the Royal Docks, carrying up to 2,500 passengers an hour at a heights above 50 metres in the air. It is designed to cut journey times between the O2 arena and the ExCel exhibition center both of which are Olympic locations. The privately funded system could provide a crossing every 30 seconds.

The plan is to have 80% of athletes travel less than 20 minutes to their event and to have 93% of athletes within 30 minutes of their event. The Olympic Park would be served by ten separate railway lines with a combined capacity of 240,000 passengers per hour. In addition the LOCOG planned for 90% of the venues to be served by three or more types of public transport. Two park-and-ride sites were off the M25 with a combined capacity of 12,000 cars 25 minutes away from the Olympic Park. 

Another park and ride site was planned in Ebbsfleet which would have capacity for 9,000 cars were spectators could board a 10 minute shuttle bus. To get spectators to Eton Dorney, four park and ride schemes were set up. Spectators would be dropped off at Windsor Racecourse with a bridge going over the Thames linking the racecourse to the rowing venue.

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Public Transport for Olympic 2012 (I)

London's public transport was an element of the bid which was scored poorly in the IOC's initial evaluation, however they felt that if the improvements were delivered in time for the Games then London would cope.

Transport for London (TfL) carried out numerous improvements in preparation for 2012, including the expansion of the London Over ground's East London Line, upgrades to the Docklands Light Railway and the North London Line and the introduction of a new "Javelin" high-speed rail service, using the Hitachi Corporation's "bullet" trains. In September 2011 it was discovered that the platforms at Stratford International station were not at the right height for the Javelin trains. The platforms were raised with wood, which could be removed after the Games as the platforms were originally designed for Euro star trains, and it is hoped that Euro star will stop at the station after 2012. According to network rail an additional 4,000 train services will run during the Games, with train operators putting on longer trains during the day.

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Olympic 2012 Logo

There have been two London 2012 logos: one for the bidding process created by Kino Design and a second as the brand for the Games themselves. The former is a ribbon with blue, yellow, black, green, and red stripes winding through the text "LONDON 2012," making the shape of the River Thames in East London. The latter, designed by Wolff Olins, was unveiled on 4 June 2007 and cost £400,000. This new logo is a representation of the number 2012, with the Olympic Rings embedded within the zero.

The standard colors are green, magenta, orange and blue; however the logo has incorporated a variety of colors, including the Union Flag to promote the handover ceremony. The flexibility of the logo has also enabled sponsors to incorporate their corporate colors into a personalized version, such as Lloyds TSB, British Airways and Adidas.

London 2012 has stated that the new logo is aimed at reaching young people. Sebastian Coe stated that it builds upon everything that the organizing committee has said "about reaching out and engaging young people, which is where our challenge is over the next five years." One observer, a managing director of an advertising agency, noted that the logo bore a strong resemblance to the logo for the 1974–1982 children's television program Tiswas, commenting that appealing to young people is difficult, and that they will see right through attempts to patronize them.

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Venues and Building Process (II) for London Olympics 2012

In November 2004 the 500 acre Olympic Park plans were revealed. The plans for the site were passed in September 2004 by Tower Hamlets, Newham, Hackney and Waltham Forest. The redevelopment of the area to build the Olympic Park required compulsory purchase orders of property. 

The London Development Agency and the London and Continental Railways had a dispute about the orders in November 2005. The LCR accused the LDA of killing off development in the area. The LDA planned alongside the Olympic Park to buy land for the Stratford City development project, which the 180-acre site of the former Stratford Rail Lands into a mixed-use development, including 4,500 new homes, office space, hotels and shops. This resulted in 2011 with the completion of the largest urban shopping centre in Europe being operated by Westfield. By May 2006 86% of the land had been bought as businesses fought eviction, this lead to an enquiry being set up. 206 companies had to relocate by July 2007. In addition, residents who opposed the eviction tried to find way to stop it by setting up campaigns. However they had to leave as 94% of land was bought and the other 6% bought as a £9 billion regeneration project started.

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Venues and Building Process (I) for London Olympics 2012

The 2012 Olympic and Paralympics Games will use a mixture of new venues, existing and historic facilities, and temporary facilities, some of them in well-known locations such as Hyde Park and Horse Guards Parade. Some of the new facilities will be reused in their Olympic form, while others, will be resized or relocated.

The majority of venues have been divided into three zones within Greater London: the Olympic Zone, the River Zone and the Central Zone. In addition to these are those venues that, by necessity, are outside the boundaries of Greater London, such as the Weymouth and Portland National Sailing Academy on the Isle of Portland in Dorset which will host the sailing events, some 125 miles southwest of the Olympic Park. The football tournament will be staged at several grounds around the UK. Work began on the Park in December 2006 when a sports hall in Eton Manor was pulled down. The athletes' village in Portland was completed in September 2011.

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Olympic 2012 Mascots

The official mascots for the 2012 Summer Olympic and Paralympics Games were unveiled on 19 May 2010; this marks the second time (after Vancouver) that both Olympic and Paralympics mascots were unveiled at the same time. Wenlock and Mandeville are animations depicting two drops of steel from a steelworks in Bolton. They are named Wenlock, after the Shropshire town of Much Wenlock, which held a forerunner of the current Olympic Games, and Mandeville, after Stoke Mandeville, a village in Buckinghamshire where a forerunner to the Paralympics Games were first held.

The writer Michael Morpurgo wrote the story concept to the mascots, and an animation was produced; it is intended that this will form part of an ongoing series concerning the mascots in the run-up to the Games in 2012. Two stories have been created about the mascots: Out Of A Rainbow, the story of how Wenlock and Mandeville came to be, and Adventures On A Rainbow, which features the children from Out Of A Rainbow meeting the mascots and trying out many different Olympic and Paralympics sports.

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Development for Olympics 2012

The London Organizing Committee for the Olympic Games was created to oversee the staging of the Games after the success of the bid, and held their first board meeting on 3 October 2005. The committee, chaired by Lord Coe, is in charge of implementing and staging the games, while the Olympic Delivery Authority (ODA) is in charge of the construction of the venues and infrastructure. In April 2006 the Olympic Delivery Authority board was established.

The Government Olympic Executive (GOE), a unit within the Department for Culture, Media and Sport (DCMS), is the lead Government body for coordinating the London 2012 Olympics. The GOE reports through the DCMS Permanent Secretary to the Minister for Sports and the Olympics. It focuses on oversight of the Games, cross-program program management and the London 2012 Olympic Legacy before and after the Games that will benefit London and the UK. The organization is also responsible for the supervision of the £9.3 billion of public sector funding.

In August 2011, some security concerns arose surrounding the hosting of the Olympic Games in London, due to the 2011 England riots, with a few countries expressing fear over the safety of the Games, in spite of the International Olympic Committee's assurance that the riots will not affect the Games.

The IOC's Coordination Commission for the 2012 Games completed their ninth visit to London in October 2011. They concluded that London has been making excellent progress and that the 2012 games would leave a lasting legacy. The commission will make their final visit to London in March 2012. London was awarded the 2017 World Championships in Athletics in November 2011.

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London Olympics 2012

The 2012 Summer Olympic Games are officially known as the Games of the XXX Olympiad or "London 2012 Olympic Games” are scheduled to take place in London, England, United Kingdom from 27 July to 12 August 2012. London will become the first city to officially host the modern Olympic Games three times, having previously done so in 1908 and in 1948.

London was selected as the host city on 6 July 2005 during the 117th IOC Session in Singapore, defeating Moscow, New York City, Madrid and Paris after four rounds of voting. The successful bid was headed by former Olympic champion Sebastian Coe.

The Olympics prompted a redevelopment of many of the areas of London in which the games are to be held particularly themed towards sustainability. While the budgetary considerations have generated some criticism, the Games will make use of many venues which were already in place before the bid, including Wembley Stadium, Wembley Arena, Wimbledon All England Club, Lord's Cricket Ground, The O2 Arena, Earls Court Exhibition Centre, Weymouth and Portland National Sailing Academy, and the Excel Centre.

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