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West Ham get Olympic Stadium after government ups funding West Ham get Olympic Stadium after government ups funding
(about 4 hours later)
West Ham will be anchor tenants for the Olympic Stadium after the government agreed to put in an extra £25m towards the costs of converting the venue. West Ham will be anchor tenants for the Olympic Stadium after the government agreed to put an extra £25m towards the costs of converting the venue.
The additional money takes the Treasury's contribution to around £60m.The additional money takes the Treasury's contribution to around £60m.
Adapting the stadium could cost between £150m and £190m.Adapting the stadium could cost between £150m and £190m.
But the deal was secured only after West Ham agreed to increase their own funding of the project by £5m, to £15m. They will move in from August 2016 and pay around £2m a year rent.But the deal was secured only after West Ham agreed to increase their own funding of the project by £5m, to £15m. They will move in from August 2016 and pay around £2m a year rent.