Not really the residents of Newham, Hackney and Waltham Forest, thousands of whom have been waiting years for social housing while luxury developments stud the skyline. Of the 33,000 new homes that will be built on or near the Olympic site by 2036, just over a third will be affordable, against the original bid pledge of 50%. And this in itself is a kind of sleight, given that the redefinition of “affordable housing” under the coalition government leaves it beyond the means of most lower-income families. Only around 1,000 social housing units have been constructed.
On the other hand if you are an affluent young professional, perhaps one of the many tech workers priced out of Clerkenwell and Shoreditch, this is your playground. And of course this is a more familiar Olympic story, from Rio de Janeiro to Tower Hamlets: gentrification under the guise of regeneration, a revolution for the moneyed classes that also effectively locks marginalised groups out of their own city. In the two decades to 2021 the Black population of Stratford fell from 31% to 17%. Perhaps, from a certain viewpoint, this is what sparkling success looks like.