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FBN’s Liz Claman talks with British Consul-General Danny Lopez about the economic impact of the Olympics.
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I'm Liz -- -- sports is for foxsports.com.
Talking about the road to London when he talked about the exit the business ethics.
It's a lot about money especially for the build up -- the infrastructure of the city.
But sometimes these -- as popular as they aren't like for example Sydney Olympics lost money -- Beijing.
Athens Salt Lake they -- money.
What about London we're joined now.
By Danny Lopez the British consul general here in New York welcome I'll -- how excited are you to have this come -- years in of course Ellis of business network we talk about.
Wouldn't do financially for a city that like the rest of much of Europe and America is going through tough economic time but it festival.
So amazing to be here in New York today -- -- in the -- -- just looking around and seeing.
How involved and -- people lives just 100 days ago -- it's not cruelest.
In terms of what it means for us an economy it means masses if you think about where.
The Olympics hockey is going to be.
It is the east of London -- few years ago that was industrial -- -- -- that's.
So essentially this not a -- 28 days of -- days of the games.
It's about what it means for the future of the country for the future of our generations and economically is the transformation of East London.
The British government spent about fifteen billion dollars building up the city preparing for this attempted to be about four times the 2005 estimate what London was granted -- games.
How do you make sure that once the tourists -- That the crowds still come out to that area and participate and utilize those facilities.
That was a W vest the more you -- -- -- it -- -- -- net's out to be kidding about tourism this is going to mean two billion pounds at the tourism revenue.
Full -- host the games.
If you think about what it means the business and you -- -- the area that was Lansing East London this gonna become the -- -- technology hop.
All of Europe scenario didn't happen -- didn't have the transport infrastructure.
Gonna happen now now I'm not become -- hobble innovation.
Post the games the whole area will generate around 111000 new homes and eight -- new product opportunities that much an affluent.
British pounds but -- and it's great for those who have that its strong.
Meantime we know that the dollar and then subsequently the Euro have been a little bit weaker.
-- -- expect that on the best of days certainly what's cup of coffee right now cost him.
Somebody doesn't drink companies I would be able to -- given -- upon its supply.
It at the end of the day reits and right now is carried it back you I think what you'll find that people can -- -- excitement.
-- -- the -- that the people who can't wait to welcome audiences on the audiences from US.
Here you know exams of one.
Thanks TX and Chile -- and it's good that it but he.
This is what I remember from the Sydney Olympics and from the Los Angeles Olympics because I'm from LA.
That traffic is gonna be horrible it's gonna be a nightmare and just ends up happening a lot of the locals -- And things run very well there isn't a lot of traffic that this is -- focus of London airports Johnson worried about the traffic wants everybody to go on bicycles.
You've got Barkley -- huge of course UK based bank.
Sponsoring bicycles throughout the city.
Can you ensure that things will run smoothly it will become a nightmare where people -- -- now yes.
I'm very confident you know this is gonna be the first games where everybody gets to the -- some public transport huge huge tax never been -- But there's one city that has good public transport is London and London spread difference it's John arrangements and -- decline we will deliver.
Danny Lopez the British consul general here in New York not a great day kicking off the road to London thank you so much.
I'm -- with a sports is for foxsports.com.
