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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.





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