Olympic Stadium Deal

Meeting: 
MQT on 2013-05-22
Session date: 
May 22, 2013
Reference: 
2013/1763
Question By: 
Andrew Boff
Organisation: 
GLA Conservatives
Asked Of: 
The Mayor

Question

Please provide a list of projected costs for converting the Olympic Stadium from its current format to be fit for football and what the taxpayer's contribution to these costs will be?

Answer

Answer for Olympic Stadium Deal

Answer for Olympic Stadium Deal

Answered By: 
The Mayor

There are significant commercial sensitivities around sharing this information as a procurement process for stadium adaptation is underway. However, I can confirm that a full funding package is in place from a variety of sources including the Legacy Corporation's own budget; a £15m contribution from West Ham United; £40m from LB Newham; £25m of central Government funding and the existing funding that was set aside in the Olympic public sector funding package for the original Stadium transformation scheme.