Text  Larger | Smaller | Default

NewsNow

Mayor report into spiralling OS costs ordered


Filed: Thursday, 9th March 2017
By: Staff Writer


London Mayor Sadiq Khan has ordered an investigation into the spiralling costs of the Olympic Stadium.

Khan has instructed accountancy firm Moore Stephens - the former auditors of the LLDC - to prepare its findings by June, with a full public report examining the rising costs to follow later in the summer.

The cost of transforming the stadium into a venue fit to host Premier League football has risen to some 320 million - around 50million more than the initial estimated cost of 270million.




Additionally it costs the taxpayer around 3million to move the temporary seating, which is built on a network of scaffolding, every time the running track requires use.

However that fee will rise to 8million this summer due to the World Athletics Championships being staged in Stratford - meaning the seating must be removed (and subsequently replaced) far quicker than would normally be the case.

West Ham are currently one year into a 99-year lease of the Arena, which has been heavily criticised by United fans - many of whom have vowed not to return next season.





Related News

   arrow   In brief - Wednesday's news round-up [18th Apr 2018]
   arrow   Post-match press conference: David Moyes v Stoke City [video] [17th Apr 2018]
   arrow   In brief - Tuesday's news round-up [17th Apr 2018]
   arrow   Noble issues war cry [16th Apr 2018]
   arrow   Win and survive, says Brooking [16th Apr 2018]
   arrow   Pre-match press conference: David Moyes v Stoke City [video] [15th Apr 2018]
   arrow   Masuaku linked with Spurs and other transfer news  [12th Apr 2018]
   arrow   City date confirmed [12th Apr 2018]
   arrow   Statistically speaking, safety beckons [9th Apr 2018]
   arrow   Fans request waiting list disclosure [7th Apr 2018]



Your Comments


Please note that this section is for comments relating to the above news item only. Any off-topic or abusive posts will be removed. Posts including either links and/or foul language are automatically filtered and will not be published. To engage in further discussion on any of our news stories, visit the KUMB Forums.

Not a member of the KUMB Forums? You may register for free membership here.

comments powered by Disqus
 
News Image




On This Day ...

One Year Ago
Carroll out - but duo set for return
Slaven Bilic has confirmed that Andy Carroll is likely to miss this weekend...more
Three Years Ago
West Ham United deliver affordable football as season ticket prices are slashed
West Ham United's plans to deliver affordable football for all at the Olympic Stadium were announced...more
Five Years Ago
West Ham set for Ireland and Germany
West Ham United have confirmed their current list of pre-season fixtures....more