Text  Larger | Smaller | Default

NewsNow

OS costs rival Arsenal's Emirates stadium


Filed: Tuesday, 1st November 2016
By: Staff Writer


The cost of converting the Olympic Stadium for football has risen to an astonishing 323million, according to the new Mayor of London.

Sadiq Khan has ordered an investigation into spiralling costs at the Stratford arena after it was revealed the estimated cost of converting the stadium originally erected for the Olympic Games has risen by an extra 50million.

That's just 67million less than it cost to build Arsenal's entire Emirates Stadium, which also caters for 60,000 supporters, a decade ago - a situation that Khan blamed squarely on his predecessor, Boris Johnson.

"Last year the previous administration told the public that the costs had risen in total to around 270million, deputy mayor Jules Pipe told Sky News. "The new Mayor has now been told that cost will be over 320million.

"Understandably, Sadiq has ordered an investigation as to why those two figures are so wildly different. As the new administration at City Hall clearing up the mess of the previous administration, we need to make sure that the stadium runs on a sustainable basis and it is affordable to London."

One of the main factors behind the hike in coss is that the original contractor for the 'retractable' seating, Alto Seating Solutions, has gone bust. Meanwhile the solution provided is reportedly slow, cumbersome and nowhere near as effective as the Stade De France's 'on rails' retractable seating.

The entire project, which began more than a decade ago when Seb Coe and Tessa Jowell insisted on a permanent athletics legacy for the stadium has risen to more than 750million - just 39million less than the Millennium Dome whiohc was reportedly sold for just 1 to Anschutz Entertainment Group (AEG) in 2001.

Chelsea fan Coe was knighted in the 2006 New Year's Honours and appointed to the Order of the Companions of Honour in 2013 for services to the 2012 Games.





Related News

   arrow   In brief - Friday's news round-up [18th Aug 2017]
   arrow   Brady - it won't happen again [17th Aug 2017]
   arrow   More Athletics = no European football [17th Aug 2017]
   arrow   OS suggested as Commonwealth Games venue [13th Aug 2017]
   arrow   Drawn at home, playing away [11th Aug 2017]
   arrow   In brief - Friday's news round-up [11th Aug 2017]
   arrow   Fans on OS in athletics mode [10th Aug 2017]
   arrow   Villa boss plays down Snodgrass links [10th Aug 2017]
   arrow   Hammers face Cup compo claim [8th Aug 2017]
   arrow   In brief - Monday's news round-up [7th Aug 2017]



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
Post-match press conference: Slaven Bilic vs AFC Bournemouth
Slaven Bilic was 'very pleased' with his team's application and determinati...more
Three Years Ago
Allardyce: defender a priority
Sam Allardyce admitted this morning that he hopes to bring in one additional defender before the tra...more
Five Years Ago
So long, little Sam
Sam Baldock has completed a permanent transfer to Championship club Bristol City....more