NO FURTHER PUBLIC MONEY TO BE SPENT ON OLYMPIC STADIUM TRANSFORMATION

No more public money will be spent on transforming the Olympic Stadium into a football ground, according to London Mayor Boris Johnson.

West Ham United are due to take over as tenants in 2016, and it was recently revealed that the venue's conversion into a football stadium would cost £154 million, with the majority of that thought to be coming from the taxpayer.

But Johnson has claimed no further public funds will be spent on the iconic venue.

Speaking to the London Assembly, he said: "With the cash we are putting in now we will be able to deliver a solution for the stadium that gives Premier League football in the winter, athletics in the summer plus a whole load of other things.

"This is a knockout, iconic venue for London and thanks to the deal we have done once this capital investment is made there will be no further charge to the public purse, indeed I believe we may even make a turn on it.

"That again is very, very different from any other Olympic city, most of whom have had real difficulties with their stadiums."

 

Posted on 15/01/2014