The pressure to transform Beijing will generate numerous benefits; most notably, enduring changes to the city's urban form through the completion of a comprehensive urban regeneration program. Mid-September 2008, is a decidedly harsh and inflexible deadline by which the city will have to resolve numerous longstanding environmental, transportation, and other infrastructure problems. Massive spending on infrastructure projects and related capital construction programs will benefit the municipal economy in the short term by creating jobs.
If the Games are successful, the changes in the cityscape will make it a far more pleasant place in which to live and work. Domestic and overseas companies will then create strong and stable real estate demand in the city's office, high-end residential, and retail sectors. This demand is crucial to ensuring the success of the recently inaugurated Chaoyang Central Business District, providing sufficient financial-sector tenants to support the latter-phase expansion of the existing Fuchengmenwai Financial District, and supporting the existing Zhongguancun high-technology district as a thriving hub of information technology, business and commerce.
