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SBD Global/November 1, 2012/Facilities
NFL Franchises Talking To London Mayor Boris Johnson About Olympic Stadium
Published November 1, 2012
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WEST HAM'S ROADBLOCK: In London, Joe Ridge reported that West Ham is "also looking to take over the anchor tenancy," but the Treasury’s refusal to hand over the £337M ($543M) Olympic-contingency underspend to help install retractable seating "is hampering" its bid. The retractable seating is expected to cost in the region of £200M ($322M) and the mayor will be expecting any anchor tenant "to make a significant contribution." West Ham is "willing to offer more than £8M ($12.8M) a year in rent and related payments in addition to a reported multi-million lump sum. The club is "unwilling to reveal the true nature" of its financial package "due to confidentiality issues" (DAILY MAIL, 10/31).