Today’s Observer has reported that the Olympics may not bring the benefits to London that they are widely expected to. A report commissioned by the London Assembly states that the high expectations for improvements and regeneration in east London boroughs will not be fulfilled. 
I am currently residing in Newham, one of the boroughs set to be the most affected by the games, and I would disagree with aspects of that report- the progress in regenerating this area is clearly visible. Forget the facts and figures, the change is there for all to see, and on the train I notice new building work progressing day by day. Residential buildings are springing up fast, and the train station is undergoing another refurb to ensure the transport links are up to scratch for 2012. House prices have also boomed since the games were won.  
I can’t agree with arts funding being siphoned off for the Olympic budget, but we have got the games now and I do think the benefits will become clearer in time, especially in Newham.