Anorak News | London Olympics: £9 Billion To Create The New Hoxton

London Olympics: £9 Billion To Create The New Hoxton

by | 4th, November 2010

CAN the geeks, nerds and hipsters find use for the infrastructure being erected around the Olympic site in East London? Prime Minister David Cameron looks East and sees a Silicon Valley:

Our ambition is to bring together the creativity and energy of Shoreditch and the incredible possibilities of the Olympic park to help make east London one of the world’s great technology centres.”

Andrew Owlowski explains:

What Cameron refers to is slightly different. The companies around Hoxton are not technology companies – they’re service companies that are parasitic upon private enterprise, and represent a cost of doing business, rather than new businesses or business sectors.

Nine billion pounds to create a New Hoxton in the windswept east. Bargain…

Posted: 4th, November 2010 | In: Technology Comment | TrackBack | Permalink