The Mayor of London, Sadiq Khan, has ordered an investigation into the financial costs of converting the Olympic Stadium into a football ground for West Ham.
The probe has been launched after it was revealed the original £272 million cost of the conversion has now risen by £51 million to £323 million.
Deputy Mayor Jules Pipe told Sky News: "Last year the previous administration told the public that the costs had risen in total to around £270m. The new Mayor has now been told that cost will be over £320m.
"Understandably, Sadiq has ordered an investigation as to why those two figures are so wildly different.
"As the new administration at City Hall clearing up the mess of the previous administration, we need to make sure that the stadium runs on a sustainable basis and it is affordable to London."
Campaigners have welcomed the news of an investigation into the projects rising costs.
In a statement, the Olympic Stadium Coalition said: "This is a breakthrough in our long campaign to highlight the intolerable burden on taxpayers of the rebuilding of the Olympic Stadium to the specification of a well off Premier League football club.
"We have never objected to the idea of West Ham playing at the stadium; the question is simply one of how much the club should pay, and how much the taxpayer should be expected to fund.
"Our attempts to seek transparency have been blocked at every turn by the London Legacy Development Corporation and Newham Council. It took two years for us to obtain release of the full rental contract under Freedom of Information law. We believe that all taxpayers deserve to be made fully aware of just how much we are all paying, and how much West Ham United are paying towards both capital and operating costs."
Balfour Beatty were originally awarded the multi-million pound contract to convert the stadium in 2014.
(LM)
Construction News
02/11/2016
Khan Orders Investigation Into Olympic Stadium Conversion Costs


07/05/2025
Willmott Dixon has been selected by Great Yarmouth Borough Council as its development partner for the regeneration of the town's North Quay waterfront.
The £20 million transformation of the 10.5-acre site will see the creation of a vibrant mixed-use destination, incorporating leisure and retail fac

07/05/2025
Costain has been selected to support the Department for Transport (DfT) by providing specialist technical and commercial advice to develop a range of rail infrastructure enhancement projects in the Western, Wales and Wessex regions.
Costain will lead a consortium of specialists including GHD, InteG

07/05/2025
Adler & Allan, the Goldman Sachs-backed environmental services leader, has acquired Glanville Environmental, a specialist in drainage and civil engineering, in a move aimed at expanding its ability to address environmental issues such as pollution reduction and water resource management across the S

07/05/2025
Lovell has received full planning approval from Somerset Council to build 80 new homes in the village of Cotford St Luke, near Taunton, following unanimous approval of the site's reserved matters application.
The £25 million development will be located off Dene Road, approximately five miles from T

07/05/2025
SSD Safety Services is reinforcing its commitment to workplace safety by offering professional PPE equipment servicing for businesses across Surrey and surrounding areas.
With growing demands and the increasing importance of health and safety in high-risk industries, the company delivers critical

07/05/2025
Procurement organisation Fusion21 has unveiled the 40 specialist firms appointed to its £1.5 billion Decarbonisation Framework.
The framework, which runs on a turnkey delivery model, is designed to accelerate domestic and non-domestic retrofit programmes across the UK. Of the appointed suppliers, 4

07/05/2025
Windsor-based developer Castlemere Developments has partnered with estate agency Circa London to launch its £9.6 million townhouse development in Dulwich to buyers in the Far East.
The six-property scheme, known as Melbourne Mews, marks Castlemere's first venture into international marketing and is

07/05/2025
Harlington Station is set to receive a major infrastructure overhaul as Network Rail begins work on a new footbridge, replacing the station's decades-old structure in a £7.9 million upgrade aimed at improving passenger safety, accessibility and long-term reliability.
The new footbridge, designed to

07/05/2025
The long-term regeneration of Birmingham’s Ladywood Estate has taken a major step forward as St Joseph, part of the Berkeley Group, officially signed a Development Agreement with Birmingham City Council to transform the estate over the next two decades.
The agreement confirms that at least 70% of e

07/05/2025
As businesses across the South West adapt to new hybrid working models, Gloucester's £107 million Forum development is becoming the region’s go-to destination for modern, flexible workspaces.
Led by Gloucester City Council in partnership with Reef + Partners, Forum is redefining what office life ca