Olympic Land Acquisition 4

Meeting: 
MQT on 2009-11-18
Session date: 
November 18, 2009
Reference: 
2009/3435
Question By: 
Len Duvall OBE
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

In reference to the exposure of the £160m Olympic land acquisition 'black hole', Andrew Boff AM recently stated in a letter to the East London Advertiser that 'it took Boris to throw some light on the secretive culture of the agency'. However, from the account of Andrew Travers (Budget Monitoring Sub-Committee, 14.07.09), who stated that 'in authorising a payment I noticed that the supporting paperwork indicated that the commitment was in excess of the budget available', it would appear that the deficit was identified by a routine process not associated with any specific due diligence work you had commissioned. Has Mr Boff has overplayed your role in identifying the deficit or was its exposure due to work commissioned by you?

Answer

Answer for Olympic Land Acquisition 4

Answer for Olympic Land Acquisition 4

Answered By: 
The Mayor

If it had not been for the changes in governance and operational processes made under my administration, the problems within the LDA's Olympic Legacy directorate may not have come to light when they did, leading to far greater implications for London.

In particular, processes instituted by the new LDA Board at their first Board session in September 2008, led to delegation levels being reduced, enabling a greater scrutiny of LDA activity and payments. This led to the over-commitment being identified, investigated and responded to.