West Ham United FC secure long-term future of London's Olympic Stadium

Olympic Stadium - The Mayor of London, Boris Johnson, and Newham Mayor, Sir Robin Wales, today announced that the long-term future of the iconic stadium on Queen Elizabeth Olympic Park has been secured in a deal with West Ham United Football Club that confirms the Premier League club as the Stadium's long-term anchor tenant. West Ham United's 99 year concession commences in 2016 and secures a year round programme of sports and events in the venue. The Stadium hosted the Opening and Closing Ceremonies and some of the finest moments of the 2012 Olympic and Paralympic Games, and will now play host to the world's most watched football games. The stadium, once transformed into a UEFA Category 4 venue with 54,000 seats, will include a new roof, corporate areas, toilets, concessions and retractable seating. In addition to the funds to be provided by the Legacy Corporation for the adaptation works, West Ham will contribute £15 million, Newham Council will invest £40 million and the Government has agreed to provide additional support of up to £25 million should it be required once the tenders are returned. The deal will generate hundreds of new jobs, encourage many thousands of visitors to the local area and act as a catalyst for further economic investment and growth in the area. The proposed sale of Upton Park also provides further regeneration opportunities. Boris Johnson, Mayor of London and Chair of the London Legacy Development Corporation, said: "This is a truly momentous milestone for London's spectacular Olympic Stadium ensuring its credible and sustainable future. Through this deal with West Ham United FC, we are defying the gloomsters who predicted this landmark would become a dusty relic. "With a series of world class entertainment and sporting fixtures already in the bag for Queen Elizabeth Olympic Park, this iconic site is set to be the glittering centrepiece of ambitious regeneration plans for east London, which will capitalise on the Olympic investment into - London, United Kingdom - Friday 22nd March 2013 (3 Pictures)


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Olympic Stadium
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Olympic Stadium
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Olympic Stadium and Queen Elizabeth Olympic Park 3

Olympic Stadium and Queen Elizabeth Olympic Park
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