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| (All Images Above from Westfield's Website) |
Aside
from thousands of athletes and visitors, the Olympics bring unprecedented
development to the host city. Sports venues, the Olympic Village,
infrastructure and transportation improvements are planned years in advance and
begin to take shape as the opening day draws near.
To
capitalize on the millions of visitors and the international spotlight the
Olympics generate, developers have been equally busy planning and building
retail developments to serve those visitors and claim a piece of the economic
pie. Visa, in its London 2012 Olympic and Paralympic Games Expenditure and Economic Impact report estimates that
the 2012 Olympics could generate in excess of $1 Billion in additional consumer
spending and those dollars, pounds, euros, and countless other currencies will
be spent lodging, shopping and eating in these strategically placed
developments.
