Boris Johnson Awards $103Mln in Olympic Stadium Contracts

A year after London 2012, the city awarded 67.5 million pounds ($103 million) of contracts to redevelop the Olympic Stadium and announced plans to construct the U.K.’s biggest indoor ski slope.

London Mayor Boris Johnson said Australia’s Westfield Group will be making a planning application for the city’s first indoor ski center next to its Stratford shopping center at the Olympic Park by the end of the summer. Financial details weren’t revealed, although the Evening Standard said it will cost up to 200 million pounds.

The ski center forms part of “an astonishing economic story of regeneration of east London,” Johnson said at a press conference at City Hall today.

London won the bid to host the 2012 Olympics in 2005 with the promise it would regenerate parts of east London, which has some of the most deprived boroughs in the U.K.

The 500-acre (200-hectare) Olympic Park will have 11,000 homes and create 10,000 jobs. The park’s eight Olympic venues “have long-term secure private sector futures” and avoided becoming “a herd of white elephants,” once the games were over, Johnson said.

The ski center project -- which will have a combined ski run of 800 meters and be about the same size as Ski Dubai in the United Arab Emirates -- may be completed within two years by Westfield Group (WDC), the world’s biggest owner of shopping centers. The application is also set to include retail, hotel and restaurant facilities.

New Roof

Johnson and the London Legacy Development Corporation (LLDC) also announced a 41 million-pound contract with Balfour Beatty Plc (BBY) to build a new roof that will help turn the Olympic Stadium into “an all-round multi-use venue” that’s fit to deliver a lasting sporting and commercial legacy in east London.

In addition, a 25 million-pound contract was awarded to Imtech G&H to carry out electrical and plumbing work in the stadium.

The LLDC is also in talks with University College London about the possible development of a new UCL campus on the Olympic Park.

To contact the reporter on this story: Danielle Rossingh at the London sports desk at 3628 or drossingh@bloomberg.net

To contact the editor responsible for this story: Christopher Elser at celser@bloomberg.net.

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