Back in the 1980s, hosting the Olympic Games was thought of as a financial and administrative burden to the organizing city and country. This view was confirmed by Montreal's horrendous loss of 692 million in the staging of the 1976 summer Olympics. The 1972 summer Olympics in Munich made a loss of 178 million. However, it was in the 1984 Los Angeles Olympics that the city organizers posted a whopping 215 million in revenues.
The City of London's plan to stage the 2012 Olympics and Paralympics centre will contribute to the regeneration of the Lower Lea Valley around Stratford in the east of the city. The goal of the UK government is to build structures that will be useful even after the Olympics. The key venues would all be located in a 500-acre Olympic precinct to be set in 1,500 acres of parkland stretching from Hackney Marshes to the River Thames. Among the facilities being prepared are as follows: an 80,000-seater Olympic stadium at Marshgate Lane in the heart of the Olympic precinct in Stratford to stage the athletics and opening/closing ceremonies and a 25,000-seater athletics stadium after the games, with a sports training, science and medicine centre. There will be a 20,000-seater aquatic centre which will The centre will contain two 50m swimming pools and a 25m diving pool, staging swimming, diving, synchronized swimming, the water polo finals and the modern pentathlon swimming. A velodrome and BMX track located at the Eastway Sports Centre alongside the existing Eastway cycling circuit for track and BMX cycling can accommodate 6,000 spectators. A multi-sport complex of four indoor sports arenas located at Hackney Wick on the site of the former Hackney Greyhound Stadium to stage basketball, fencing, handball, volleyball and modern pentathlon events. A hockey complex comprising two competition stadiums and one warm-up pitch located alongside the Olympic Village site.
Stratford Park will also have the Olympic Park tennis complex for training purposes and Paralympic events. In addition, an Olympic Village accommodating 17,000 beds will be located next to Stratford International Rail Terminal and would become housing after the Games. A media complex less than five minutes' drive from the Olympic stadium, comprising a 65,000 square-metre single-storey International Broadcast Centre and a 45,000 square-metre two-storey Main Press Centre. the south of the Olympic Park Zone would be another cluster of venues on both sides of the River Thames. The plans are designed to fit in with the International Olympic Committee's ideal of a compact Games, with more than half of the events within a 15-minute drive of the Olympic village, itself just three miles from the heart of the capital.
Zevi, et. al., (1957) states that architecture deals with a concrete phenomenon which is entirely different: here, man moving about within the building, studying it from successive points of views, himself creates. Architecture takes into account interior space. Beautiful architecture would then be architecture in which the interior space attracts us, elevates us and dominates us spiritually. Ugly architecture would be that in which the interior space disgusts and repels us.
The establishment of Olympic facilities is helpful to a country particularly when the government authorities decide to shoulder the expenses related to all its activities. Mules and Faulkner's (1996) stressed that the public sector plays a pivotal