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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