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Olympic Stadium: the costs keep rising

Olympic Park
Created on
07 January 2016

Thousands of pounds of taxpayers’ money have been spent keeping details of the West Ham deal out of the public domain, the London Assembly uncovered today.

Giving evidence to the Budget and Performance Committee, David Edmonds of the London Legacy Development Corporation confirmed that:

  • The LLDC has spent £4,000 to date on legal fees in its bid to keep the Olympic Stadium deal with West Ham confidential, after the Information Commissioner ordered it should be made public.
  • It estimates these costs are expected to rise this month to £17,000, and even more if it becomes necessary to ‘appeal the Tribunal decision.’
  • The final bill for transforming the Olympic Stadium might top the previous estimate of £272 million, as the LLDC negotiates the cost of further work.

The revelation came during the London Assembly’s annual scrutiny of the Mayor’s draft Budget.

The Mayor himself will be questioned on the Budget, and the legacy he is leaving for his successor, on 12 January 2016.

Stephen Knight AM, Deputy Chair of the Budget and Performance Committee, said:

“In times when public bodies are facing unprecedented budget cuts, it is more important than ever that public money is spent meeting the needs of the public.

It is therefore astonishing that the Mayor's London Legacy Development Corporation is spending thousands of pounds of public money on lawyers to keep the details of the deal with West Ham secret. The Information Commissioner has looked at the arguments and ordered the LLDC to publish the deal in full - and the LLDC should clearly now do so.

Having funded this stadium, Londoners have a right to know about how their money is being spent through this deal.”

Notes to editors

  1. The key responsibility of the Budget and Performance Committee is its annual scrutiny of the Mayor’s budget proposals for the next financial year. This involves detailed examination of the Mayor’s plans for spending his budget to help ensure taxpayers’ money is spent appropriately and effectively.
  2. The Mayor’s Budget
  3. Pre-Budget report
  4. Stephen Knight AM, Deputy Chair of the Budget & Performance Committee is available for interview.  See contact details below.
  5. 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 Ash Singleton 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.

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