The London Legacy Development Corporation (LLDC) is the greatest risk to the Greater London Authority’s (GLA) finances. It was already struggling to pay back £54.6 million by 2017-18 [1] and is now looking to borrow £78.2 million in 2017-18 instead. [2]
The London Stadium continues to cause severe difficulties for the LLDC. When the Stadium was first completed in 2012 it cost £429 million. Five years later the final position is £752 million - an increase of £323 million, or 75 per cent.
At a full meeting of the London Assembly tomorrow, Assembly Members will ask these questions and more.
The guests are:
- Sir Peter Hendy CBE, Chair, LLDC
- David Goldstone CBE, Chief Executive, LLDC
Following this, Assembly Members will submit motions on various topics.
The meeting will take place on Thursday, 2 October from 10:00am in The Chamber 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 LIVE via webcast or 
YouTube
Follow us 
@LondonAssembly and take part in the meeting discussion using #LLDC
Notes to editors
- LLDC Accounts for year ended 31st March 2016, Forecast Net Cash Position, Page 20
- Appendix 3 to the draft GLA Budget 2017-18: Capital Spending Plan
- Agenda Papers
- 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 Alison Bell on 020 7983 4228. For out of hours media enquiries, call 020 7983 4000 and ask for the London Assembly duty press officer. Non-media enquiries should be directed to the Public Liaison Unit on 020 7983 4100.