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   Call forth the spirit of Chelsea [12th Dec 2017]
   arrow   Merson unsure on unpredictable Hammers [12th Dec 2017]
   arrow   The opposition view: Chelsea [10th Dec 2017]
   arrow   West Ham Utd 1-0 Chelsea [9th Dec 2017]
   arrow   Hart hard done by, claims goalkeeper's union [8th Dec 2017]
   arrow   Chelsea without key duo for West Ham clash [8th Dec 2017]
   arrow   Pre-match press conference: Antonio Conte vs West Ham Utd [video] [8th Dec 2017]
   arrow   Ludo reimbursed for ticket costs [8th Dec 2017]
   arrow   Action Group hit the road [5th Dec 2017]
   arrow   Khan seeking to recoup 'staggering' stadium losses [1st Dec 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 Posts including either links and/or foul language are automatically filtered and will not be published.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
The opposition view: Liverpool
Played off the park last year on three occasions by a far superior West Ham...more
Three Years Ago
Ex-Hammer hopes to land Albion deal
Former Hammer Alou Diarra is hoping to land a contract with Brighton & Hove Albion....more
Five Years Ago
Downes departure 'amicable', says Allardyce
Sam Allardyce has confirmed that first team coach Wally Downes has left the club....more