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Old 03-11-2016, 13:05   #23
Damien
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Re: Inquiry opened into West Ham's Olympic Stadium deal

Quote:
Originally Posted by martyh View Post
So what, that is peanuts compared to what the stadium will earn in it's lifetime.I think the bigger and better question is what will the inquiry cost and what purpose will it serve ,the answers are quite a lot and none
It's not really peanuts. http://news.sky.com/story/sadiq-khan...-cost-10642018

Quote:
The taxpayer-funded cost of turning the icon of the London Games into a football stadium for West Ham has risen from £272m to £323m.
That's around a 20% increase. And even then the £272m was an increase from £154m when the deal was signed and we're talking about conversion costs here, not the price of the stadium being built originally. Only £15 million of that is being paid by West Ham and the rest by the tax payer.

It's also not clear how it's actually going to be earning: https://www.theguardian.com/sport/20...ating-problems

Last edited by Damien; 03-11-2016 at 13:17.
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