https://www.theguardian.com/sport/20...iry?CMP=twt_gu
Quote:
The mayor of London has ordered an independent inquiry into the soaring conversion costs for the former Olympic Stadium that is now home to West Ham United, after it emerged the bill had risen by another £51m to £323m.
The increase, partly accounted for by increased costs involved in moving the retractable seats installed to convert the stadium into “football mode”, takes the overall cost of the stadium to £752m.
West Ham, the anchor tenants in the stadium during the winter because of a controversial deal in which they pay a basic £2.5m a year in rent, contributed £15m towards the overall conversion costs with the rest largely borne by the taxpayer.
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This whole thing has been a mess. I don't understand why the government is paying for all the work that needed to be done. It would have been cheaper to knock the whole thing down than do this deal. The option to sell the land to Spurs and have them build a custom stadium as a better idea too.