Taxpayers face extra costs under new stadium plan
Taxpayers are facing another hefty bill if West Ham United win the bid to move into the Olympic stadium, as officials hope.
The football club was one of four parties to register a formal bid for the stadium by the deadline of lunchtime last Friday, making their presence crucial to securing a viable future for the £500m stadium. Sixteen parties initially registered an interest in using the stadium in January, but 12 stopped short of submitting a full bid.
The details of West Ham's bid remain confidential and commercially sensitive, with negotiations between them and the Olympic Park Legacy Company (OPLC) about to begin, but it is thought that the club's demands for the transformation of the stadium will be more costly than those made in their original winning bid, in which the club would have had to pay for the upgrade work itself.
Then West Ham bid to buy the stadium outright, but the bid collapsed after an architect involved in the very early stages of designing the stadium complained to the EU that the £40m West Ham had been pledged by Newham Council constituted illegal state aid. Under the new arrangements, the OPLC would retain ownership of the stadium, with Newham Council again hoping to secure a stake in the facility for a £40m investment.
The pitch will need to be ripped up and undersoil heating installed, in accordance with Premier League rules, an eventuality that was not foreseen when the stadium was first constructed.
The OPLC, whose job it is to transform the site and find long-term uses for the various venues after the games, have a budget of £292m for the renovation of what will become the Queen Elizabeth Olympic Park, including the stadium. But the figure covers more than 12 separate building projects, such as the installing of the South Plaza, a sprawling cultural and recreational area designed by the same architects as the Manhattan's new Highline park.
Among the three other bids for the stadium received on Friday was a consortium led by the University of East London, whose plans are believed to involve office space in the stadium's 700-plus rooms.
Latest in Sport
Paul Scholes: Emirates was the easy option for Mesut Ozil. He needs a leader - and Arsenal don't have them
Gareth Bale reveals the two things he hates about Real Madrid: 'Getting nutmegged and Spanish spiders'
Frank Warren column: Amir Khan ready to meet winner of Floyd Mayweather v Manny Pacquiao
Cristiano Ronaldo shows off his dance moves, including the moonwalk
Terminally-ill Club Brugge fan Lorenzo Schoonbaert delays euthanasia appointment to see his beloved football club 'win one last time'
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
End of the licence fee: BBC to back radical overhaul of how it is funded
Nigel Farage promises Ukip will not 'stigmatise' would-be migrants – and says he wants 'everyone to speak the same language'
Ex-head of MI6: 'We shouldn't kid ourselves that Russia is on a path to democracy'
Most people think legal tax avoidance is just as wrong as illegal tax evasion, poll suggests
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
£34000 - £39000 per annum + benefits + bonus: Ashdown Group: Generalist HR Bus...
£50000 - £100000 per annum: Recruitment Genius: This award-winning digital age...
Negotiable: Recruitment Genius: This software development organisation are loo...