Olympic Park relocation costs

Meeting: 
MQT on 2009-11-18
Session date: 
November 18, 2009
Reference: 
2009/3239
Question By: 
Dee Doocey
Organisation: 
Liberal Democrats
Asked Of: 
The Mayor

Question

How much have the LDA paid to consultants and other advisers to assess claimants' losses in respect of the forced relocation of businesses and others from the Olympic Park?

Answer

Answer for Olympic Park relocation costs

Answer for Olympic Park relocation costs

Answered By: 
The Mayor

The LDA has paid the sum of £7.81m in Professional Fees to consultants and other advisers to assess claimants' losses in respect of compensation paid to businesses and others in the Olympic Park. This amount is broken down across the years as follows:

2005/6 £0.67m 2006/7 £2.75m 2007/8 £2.04m 2008/9 £1.54m 2009/10 £0.81m Total £7.81m

This figure represents less than 1% of the LDA's lifetime Olympic Budget.