Newham Council confirms �40 million Olympic Stadium offer
Newham Council has confirmed its �40 million commitment to the Olympic Stadium development, in return for a greater say in how the facility is run.
Chief executive Kim Bromley-Derry was last night at a meeting of full Council given the delegated authority to propose a partnership with Olympic Park Legacy Company (OPLC) in a public-public ownership of the arena.
Newham will ask that the stadium is made available for community use, including for schoolchildren and sports events, and that people in the borough are given the opportunity to work there.
A joint bid by Newham Council and West Ham United FC for the stadium, which included the offer of �40 million of council taxpayers’ money, to finance its conversion after the London 2012 Games, collapsed in October.
The OPLC ended the process under which the joint bid was selected as the preferred proposal after fears that anonymous complaints made to the European Commission would result in long and drawn out legal battles.
This time, Newham Council proposes to play no part in the selection of any anchor tenant or tenants.
A Newham Council spokesman added: “The meaningful future use of the Olympic Stadium is crucial in securing a lasting legacy for our residents after the 2012 Games.”