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LLDC Finances (Supplementary) [9]

  • Question by: Leonie Cooper
  • Meeting date: 02 November 2017
Leonie Cooper AM: Thank you very much, Chair. I wanted to ask you about progress on dealing with the quite catastrophically large gender pay gap. You had an action plan with a series of 15 different actions, all of which, apart from one, were to be completed before the date of this meeting. I wondered if you could tell us about progress and whether you have completed all of those actions.

LLDC Finances (Supplementary) [8]

  • Question by: Onkar Sahota
  • Meeting date: 02 November 2017
Dr Onkar Sahota AM: We have seen from the Corporate Performance Report that the LLDC views increased construction costs in London due to Brexit as one of its key risks. Is the LLDC resilient to Brexit?

LLDC Finances (Supplementary) [7]

  • Question by: Peter Whittle
  • Meeting date: 02 November 2017
Peter Whittle AM: Thank you, Chair. David, good morning. I notice that one of the planks of the whole development is going to be the Cultural and Education District. This is absolutely to do with the long-term finances of the whole project. I notice that apparently for the construction costs originally, for example, for the Victoria and Albert Museum (V&A), you were looking at philanthropic donation to cover it. That has been abandoned and now you are going to underwrite it. According to your draft budget submission it is now assumed the museum building development will be repaid through a...

LLDC Finances (Supplementary) [6]

  • Question by: Andrew Boff
  • Meeting date: 02 November 2017
Andrew Boff AM: How could something be described as ‘sustainable’ when London taxpayers will have to keep propping you up every year and you cannot tell us when that is going to stop? How is that sustainable?

LLDC Finances (Supplementary) [5]

  • Question by: Gareth Bacon MP
  • Meeting date: 02 November 2017
Gareth Bacon AM: Thank you, Chair. I will start by echoing something you said earlier on, David, and it was echoed by Sir Peter. As a regeneration project, it has to be acknowledged that it is successful. Compared to any other Olympic city in the past, what has happened in London is transformationally better than anywhere else. That said, of course, there are some caveats to that and the biggest running sore is the Stadium. I am going to go back over a couple of the points that have been covered by other Members, just to try to get more...

LLDC Finances (Supplementary) [4]

  • Question by: Len Duvall OBE
  • Meeting date: 02 November 2017
Len Duvall AM: Can we move on to some of the other contracts? We might include West Ham. In one of the LLDC documents - it might be in your annual report - you talk about “onerous contracts”. David Goldstone CBE (Chief Executive, London Legacy Development Corporation): Yes. Len Duvall AM: Are the onerous contracts that we are referring to the agreements with tenants such as West Ham and UK Athletics? Also, you have other contracts on catering, as well as the E20 management. You do not call it that. There is probably a technical term--

LLDC Finances (Supplementary) [3]

  • Question by: Unmesh Desai
  • Meeting date: 02 November 2017
Unmesh Desai AM: David, in the long term, can you tell us whether the Copper Box as well as the Aquatics Centre will continue to remain financially sustainable as well as affordable for the local residents and communities?

LLDC Finances (Supplementary) [2]

  • Question by: Navin Shah
  • Meeting date: 02 November 2017
Navin Shah AM: Thank you, Chair. David, this morning in your opening statement you referred to the Olympic Park and particularly the venues that are there. They are becoming a major destination. That is good news and I welcome that. Leaving aside the Stadium, can you tell the Assembly what the medium and long-term financial viability is of the venues within the Park?

LLDC Finances (Supplementary) [1]

  • Question by: Unmesh Desai
  • Meeting date: 02 November 2017
Unmesh Desai AM: Thank you, Chair. David, I noted your answers to Assembly Member Bailey’s questions about the financial sustainability of the Stadium and so I will not repeat his questions. However, just to be very specific and much more direct then may I suggest Assembly Member Bailey was, you talked about the LLDC moving to a stable financial footing, you talked about long-term aspirations and you talked about making good progress, but you are not in a position today to tell us when the LLDC will have enough financial stability to be wound down. Yes or no?

Borough mergers and response times (Supplementary) [1]

  • Question by: Tony Devenish
  • Meeting date: 12 October 2017
Tony Devenish AM: Mr Mayor, during this process consultation it has not been seen to be open and transparent. Will you have a review at the end of this process of how you have communicated with residents? Many of my residents are only just hearing about these closures. They have busy lives in London and they are concerned the process has not been fair and transparent and has already been pre‑judged. Rightly or wrongly, that is their perception. Will you review this at the end and come up with lessons learnt, please?
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