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A construction boom and a lost opportunity

Along with all the stirring stuff about Olympics job creation, an Olympics boost to the economy, the Olympics transportation miracle comes the news in a 'government-commissioned report' that the Olympics created a construction boom from the building of venues and infrastructure.

How extraordinary! They've discovered the miracle of public spending. Build something and get a return on the project! Why, they might have spent the money on affordable housing and be left with some places for people to live. They're called opportunity costs, what the London 2012 budget could have been spent on at less cost and without the demolition of industry, allotments, open space, sports facilities and homes in the Olympic Park and with a construction boom, jobs and a long lasting social legacy.


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