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SBD Global/January 16, 2014/Facilities

London Mayor Boris Johnson: No More Public Money Spent On Olympic Stadium

London Mayor Boris Johnson "has revealed no further public money will be spent on converting the Olympic Stadium into a football ground," according to SKY SPORTS. Last week it was announced the cost of converting the stadium into a football grounds would be £154M ($252M), with "much of it coming from the taxpayer." There "had been fears further monies would be required to convert the 80,000-seater arena," but Johnson "is adamant the spending has stopped." Speaking to the London Assembly, Johnson said, "This is a knockout, iconic venue for London and thanks to the deal we have done once this capital investment is made there will be no further charge to the public purse, indeed I believe we may even make a turn on it" (SKY SPORTS, 1/15).
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