Olympic bid to leave C&I legacy to capital

London’s bid to stage the 2012 Olympic games has been heralded as a boost for the capital’s meetings and incentives industry. Chairman of the Business Tourism Partnership Michael Hirst said he was delighted by the announcement. “Just getting our house in order will generate a lot of meetings business in itself. The infra- structure improvements required for the Games are needed anyway, and this could be the kick start.” Culture secretary Tessa Jowell announced the British bid on 15 May, promising a £2.8bn funding package. The money will finance an Olympic development located in East London, including an 80,000-seat stadium and an Olympic village that will house 15,000. The minister said the Games would provide a legacy for London and would benefit tourism and the economy. A bid committee is being set up with a budget of £17m. Interviews for a chairman are due to commence shortly.

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