Olympic Park

How much more do we have to pay for the London Stadium?

13 December 2016

According to recent reports, the cost of transforming the London Stadium has risen from £272 million to £323 million.

The London Legacy Development Corporation (LLDC) has yet to comment on the £51 million increase.

In November, the Mayor of London launched an investigation into the stadium’s spiralling costs.

Tomorrow, the London Assembly Budget Monitoring Sub-Committee will directly question the LLDC on the true cost of the London Stadium.

The financial position of the LLDC has been described as precarious, so who will fund these extra costs, when exactly did the LLDC know about the increased costs and what happens next to the Stadium’s future?

The guests are:

  • David Goldstone CBE, Chief Executive, LLDC
  • Gerry Murphy, Executive Director of Finance and Corporate Services, LLDC 

The meeting will take place on Wednesday, 14 December from 2.30pm in Committee Room 4 at City Hall (The Queen’s Walk, London SE1).

Media and members of the public are invited to attend. The meeting can also be viewed via webcast.

Follow us @LondonAssembly and take part in the meeting discussion using #AssemblyBudget and #LondonStadium

Notes to editors

  1. Full agenda papers
  2. Gareth Bacon AM, Chairman of the Budget Monitoring Sub-Committee is available for interview. See contact details below.
  3. As well as investigating issues that matter to Londoners, the London Assembly acts as a check and a balance on the Mayor.

 

For media enquiries, please contact Lisa Lam on 020 7983 4067.  For out of hours media enquiries, call 020 7983 4000 and ask for the London Assembly duty press officerNon-media enquiries should be directed to the Public Liaison Unit on 020 7983 4100.