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Go-ahead for £150m Olympic Stadium conversion

Go-ahead for £150m Olympic Stadium conversion

Transformation works at the former Olympic Stadium in Stratford have been given the go-ahead, paving the way for new jobs and boosting the trades.  

The Legacy Corporation’s planning decisions committee granted permission for the original structure to be transformed into a 60,000-seater venue with a capacity of 80,000 for concerts.

Sir Robin Wales, Mayor of Newham, said: “This is fantastic news and we will work hard to make sure our residents have access to the jobs created by the construction project as well the Stadium itself once it opens. Queen Elizabeth Olympic Park is beginning to take shape and the progress that’s been made so far is impressive.”

The multi-purpose venue, which has Premier League club West Ham United confirmed as an anchor tenant, will host Rugby World Cup matches in 2015 and the 2017 World Athletics Championships.

Members unanimously approved the application, which was made by the Legacy Corporation on behalf of E20 Stadium LLP – a special purpose vehicle comprising The Legacy Corporation and Newham Council.

Subject to a referral to the Mayor of London, work will begin later this year on the proposed alterations, which include introducing retractable seating in the lower tier and a new extended roof design to cover the new seating, as well as the re-use of the iconic lighting towers.

Dennis Hone, Legacy Corporation chief executive, said: “This is an important milestone that paves the way for the Stadium’s intended legacy use as an all-year-round venue.

“As we prepare for the phased re-opening of Queen Elizabeth Olympic Park this summer, with the long-term future of all eight permanent venues on the Park now secure, we remain firmly on track to deliver a meaningful physical and social legacy for Londoners.”

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£1bn University Olympic Park Set to Create New Jobs

University College London has been given the go-ahead to build a £1 billion campus next to the Olympic site in east London that would create 3,300 new jobs and boost the trades.

The decision means that Newham Council will now enter into detailed negotiations with the University regarding the proposed redevelopment of the Greater Carpenters Neighbourhood, a 23-acre site in Stratford set to create and sustain thousands of trade jobs.

UCL’s proposals for the site include academic and research facilities as well as new residential accommodation for students.

The decision by Newham Council enables UCL to start construction work on the Stratford site in 2016, paving the way for new jobs in the construction industry.

The £1 billion investment is forecast to lead to significant capital investment into the borough with new employment, and a permanent major boost to the local economy.
The proposed development would also provide world class architecture, public spaces and an academic gateway to the Olympic Park complementing the existing higher education offer in Newham.

This development would play a major part in delivering real improvements in the quality of life for Newham’s residents and opening up opportunities for future generations.

Sir Robin Wales, Mayor of Newham said: “This important scheme will also inspire our youngsters to look at what prospects are available to them as well as creating fantastic long term economic benefits for residents and creating jobs and opportunities for years to come.”

John Burton, Director of Development at Westfield said: “We are delighted that UCL plans to establish its new university campus in Stratford. This announcement demonstrates that Stratford’s regeneration is accelerating – with over 10,000 new jobs already and many thousands more set to come with UCL Stratford and further development both in the Queen Elizabeth Olympic Park and Stratford town centre.

“We are seeing an astonishing transformation take place, and bringing one of the world’s top universities to Stratford will only strengthen its offer as one of the best connected and exciting development areas anywhere in Europe.”

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