Bidding for the 2012 Olympic and Paralympic Games

Bidding for the 2012 Olympic and Paralympic Games Jeff Jacobs Executive Director of Policy and Partnerships Why here? Why now? – Mayor wants Olympics to accelerate and enhance regeneration – Lower Lea Valley is the next piece of Thames Gateway jigsaw – Benefits will focus on Lower Lea valley, but also spread throughout London The Olympics sprint…the heats… – May 2003 – London’s application confirmed – 15 January 2004 – submission of Applicant City Questionnaire – – – – – – Political support Finance Venues Accommodation Transport infrastructure General conditions, logistics and experience – May 2004 – decision on Candidate Cities The Olympic sprint …the finals… – 15 November 2004 – submission of Candidature File – February-March 2005 – visit by IOC Evaluation Commission – May 2005 – Evaluation Commission report – 6 July 2005 – Election of 2012 host city …and then, a marathon! The first six months – Funding arrangements finalised between Government and GLA – London 2012 Ltd established and senior staff in place – Transport for London leading working on Olympic Transport Strategy – Masterplanners appointed by LDA to prepare plans for Lower Lea Valley Structures and accountability – Bid is partnership between the ‘stakeholders’ – the Mayor, Secretary of State for Culture, Media & Sport, BOA. Official level machinery in place – Joint Venture Agreement provides framework of bidding structure – Stakeholders have created London 2012 Ltd to prepare and deliver the bid – Memorandum of Understanding between Government and Mayor on overall funding package – LDA/DCMS grant funding agreement with London 2012 The JVA is the cornerstone of the Olympic bidding structure – Provides for the GLA to co-ordinate the input of the GLA and the Functional Bodies – Makes clear that it is the Mayor who will make the bid as the official authority of London (with the approval of the BOA as governed by the Olympic Charter) not any combination of the other stakeholders – Provides for admission of stakeholders as the members of London 2012. – Sets out those matters which need the approval of the stakeholders – these include the company’s budget, business plan and bid documents – Sets out rules and guidelines relating to governance, funding and control of the company – Provides for a Bid Forum where the wider London community can be consulted. The Memorandum of Understanding provides the funding framework – Provides outline understanding of how costs of 2012 Olympics should be met – It is between Government and Mayor (reflecting Mayor’s/GLA’s role in bid Joint Venture Agreement/Host City Contract; Council Tax contribution – LDA responsible for providing funding up to £15m to fund the bid, in equal shares with DCMS, to July 2005 £ billion Paying the bills C of bidding, staging, construction & infrastructure, and elite sports etc ost Revenue from ticket sales, TV, sponsorship etc Net cost Provision for contingencies (e.g. security costs, transport, venue, ‘look of London costs’) and any cost increases Total public subsidy required, up to Met by: New Olympics lottery games Sports Lottery Olympic council tax precept (£550m) Additional council tax precept if required (£75m) (see note) London Development Agency funds if required (£250m) Total public subsidy (outturn prices) 3.6 -2.5 1.1 1.275 2.375 1.2 0.3 0.55 0.075 0.25 2.375 Principles for London’s Olympic bid – Building on London’s diversity – Delivering a ‘green world beater’ – – – – Design Management Legacy Enhancements – Compact Games with 13 sports in Olympic Park, but using all London as backdrop/venue (beach volleyball in Horseguards Parade, archery at Lords) – Excellence without extravagance Olympic masterplan – Masterplan complete – underpins London 2012 Bid Strategy – Consortium led by EDAW (with Allies and Morrison, and Foreign Office Architects) – Largest planning application in the country submitted Jan 04 – four-and-a-half feet – Joint planning team between four boroughs Olympic concourse – ‘Compact Games’ – precinct covers 500 acres – Main stadium, Olympic Village, media and broadcast centres, aquatics centre, velodrome etc – Spectator access through Stratford (domestic and international), West Ham, and Park and Ride Revived valley – Land bridges to re-connect landlocked sites – Extension of Lee Valley Regional Park from M25 to the Thames: 1.5 million square metres of parkland – Restored biodiversity of waterways – Respects and follows the form of the river valley – Only illustrative designs at the moment Challenges for 2004 – – – – – – The opposition – May 18 beckons… Complete Candidature Files by September Clarity on staging structures Maintaining and building popular support Planning and land acquisition Maximising benefits - £20 pa on Band D for 10-12 years – Diversity and sustainability – making them count – Keeping it legal! The opposition – – – – – – – – Paris New York Madrid Moscow Rio de Janeiro Leipzig Havana Istanbul