Newham mayor’s pledge on Olympic Stadium bid figures
THE numbers behind Newham Council’s joint bid for the Olympic Stadium will be made public, the mayor has pledged.
In an interview with the Recorder, Sir Robin Wales said the authority was also still considering a bid to take over the Games’ aquatic centre.
The council and its partners, West Ham United and events promoter Live Nation, have already been chosen as preferred bidders to take over the stadium once the Games are over, subject to final approval by the government and London Mayor Boris Johnson.
The deal will involve council bosses borrowing �40million, which will be passed to a newly-created stadium company.
Sir Robin Wales insisted the plan would be good for residents and pledged they would be able to scrutinise the figures once the contracts have been signed later this year.
He said: “People have to stop thinking of it as a football stadium. There will be lots of things happening.”