Post-bid Development
Possibly the greatest legacy of NYC2012 has been large-scale development of areas of New York City that underwent rezoning in order to move forward with the NYC2012 bid. Manhattan's Hudson Yards and Brooklyn's waterfront in Williamsburg and Greenpoint both underwent rezoning revisions which were in part due to the region's planned roles as Olympic venues, including the controversial West Side Stadium. The development of the once industrial Queens West neighborhood on the East River may also have origins in the bid, as it was initially slated for development as the planned site of the Olympic Village. Following the Games, the site was to be bought by private developers and converted into condominiums.
Upon the USOC reaching a new revenue sharing agreement with the IOC in May 2012, New York has been mentioned as a potential candidate for the 2024 Summer Olympics.
Read more about this topic: New York City Bid For The 2012 Summer Olympics
Famous quotes containing the word development:
“Men are only as good as their technical development allows them to be.”
—George Orwell (1903–1950)