"And his name was confirmed following talks with Texeira during which he approved the renewal project decided by the CBF pertaining to the 2014 World Cup that Brazil will host, " it added.

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He highlighted Toronto's own "tower renewal" project, retrofitting buildings in a run-down area of town that he hopes will be an example of a carbon-neutral urban renewal project that can be applicable elsewhere.

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But we'll also be there in the months and years to come in what will clearly be a very long-term project of renewal and of rebuilding.

WHITEHOUSE: Press Briefing

"At first we didn't think the project would be about urban renewal, " Ryan Chin a research fellow at MIT who has worked on the project since 2000, told CNN.

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In fact, the Commonwealth Games, originally an image-improving project for the city, have now become merely a staging post in a vast urban renewal scheme.

ECONOMIST: Football stadiums: Good neighbours | The