Only issue is that the Olympic Village is being turned into normal housing after the games so I can't see the race happening in the park for noise reasons. I would contest your point that there isn't much housing there as well - Stratford has a lot of housing and it's only increased with the Olympics coming to town.
I thought I pointed that out above?
I'm well aware that Stratford has lots of housing. However, as it stands, the Olympic Park where they want to hold the race currently doesn't.
The Olympic Village Housing will be sold, but there will also be hundreds of other homes built, most of which haven't even begun to be started yet other than the projects on the outskirts of the Park.
As I said, if the bid is awarded to an F1 Promoter, then you come along and buy a flat, you can't complain that its making too much noise when it was clear that this would be happening.
As I also said, as is more likely it will become a venue used for sport and concerts, thus people can't complain about noise, traffic and numbers of people from that either.
All the information about what is happening with the Park is on the legacy website:
http://www.londonlegacy.co.uk
Where would there be enough room to place a full sized F1 circuit, considering all the housing plans post Olympics...
It won't be a permanent F1 circuit, it will be a street race using the roads, much like Monaco. Thus the disruption will only be for a short period of time.