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.
Post-match press conference: Ronald Koeman vs West Ham Utd [23rd Apr 2017]
West Ham Utd 0-0 Everton [22nd Apr 2017]
Randy or Adrian? Wait and see, says Bilic [21st Apr 2017]
Sakho to miss Sunderland test [14th Apr 2017]
Liverpool date changed [12th Apr 2017]
Post-match press conference: Slaven Bilic vs Swansea City [8th Apr 2017]
Post-match press conference: Paul Clement vs West Ham Utd [8th Apr 2017]
Reinstate Adrian, say fans [7th Apr 2017]
My rights versus yours [5th Apr 2017]
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 Posts including either links and/or foul language are automatically filtered and will not be published.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.