Bosses of the London Legacy Development Corporation (LLDC) will appear before the Budget and Performance Committee tomorrow to explain the dire financial performance of the London Stadium. It lost £20 million in 2017/18 and at no point in the next ten years will it perform better than a loss of approximately £13 million.
The committee will also look at the East Bank project which will host new sites for Sadler’s Wells, BBC Music and University College London.
The guests are:
- Lyn Garner, Chief Executive Officer, LLDC
- Gerry Murphy, Executive Director of Financial, Commercial and Corporate Services, LLDC
The meeting will take place on 27 September at 10am 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 via webcast. Follow us @LondonAssembly and take part in the discussion using #AssemblyBudget
Notes to editors
- Len Duvall AM Deputy Chair of the Budget and Performance Committee is available for interview. See contact details below
- The full agenda is here.
- London Assembly Budget and Performance Committee
- 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 Howard Wheeler on 020 7983 5769. 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.