Olympic Stadium transformation cost £272million
PUBLISHED: 10:00 23 June 2015
Transforming the Olympic Stadium has cost £272million, the London Legacy Development Corporation has confirmed.
The conversion from an athletics stadium has been helped by a £40m loan from Newham Council.
Sir Robin Wales, the Mayor of Newham, has said that he expects “no long term costs to the council” by loaning the money.
He added: “We are proud that what might have been a 25,000-seater stadium after the 2012 Games will be a fantastic multi-purpose stadium.”
Those living in the borough will receive a number of benefits once the stadium is fully open.
Up to 100,000 free tickets a year for West Ham United’s matches will be available, as will 2,000 places on the Great Newham London Run.
As many as 75 per cent of jobs created at the stadium will be reserved for Newham residents.
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