London's preparations for next summer's Olympic Games have been widespread, but the event's economic returns are harder to see.
"But durable economic effects, as opposed to physical ones, are so far hard to spot. Newham, the borough which overlaps most with the Olympic Park, has London's lowest employment rate, stubbornly around a dozen percentage points below the average (see chart). According to the ODA, 25% of workers on the park live in the "host boroughs" (Barking and Dagenham, Hackney, Newham, Tower Hamlets and Waltham Forest around the site, and Greenwich, across the Thames); but no one knows how many of them have moved in only for as long as the work lasts."
Permanent jobs are part of the plan for the post-Olympics area, but it's uncertain where those jobs will come from and when.
FULL STORY: Capital values
Abandoned Olympic Venues Cast Doubt on the Value of Hosting
Though cities hope for an economic boost, these photos show it's far from guaranteed.
The Challenge of Creating a City from the Olympics
The success of the 2012 Olympics in London likely won't be evident until after the event, which is seeking to repurpose a down-and-out part of town into a new neighborhood.
Against the Olympic 'Regeneration Culture' in London
In a new book, author Iain Sinclair argues against the Olympic redevelopment of London's East End, and argues that the legacy goals its planners are pushing largely already exist.
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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