Newham residents offered reassurance over Olympic Stadium bid funding

Newham residents offered reassurance over Olympic Stadium bid fundingThe Olympic Stadium bid will not impact on people living in property to rent in the London borough of Newham, according to the council.

Newham Council confirmed there will be no effect seen on day-to-day spending or on council tax for residents in the borough.

West Ham United will rent the Olympic Stadium from a company, which will in turn loan the venue from Newham Council.

A council spokesperson said: "Any borrowing the council undertakes to finance the loan for the stadium will not cost our taxpayers a penny, nor will it impact on services.

"It has nothing to do with our revenue budget, which is for the council's day-to-day spending because repayments from the stadium company will cover the cost of council borrowing."

Residents living in flats to rent in the London borough of Newham will be put first when the council makes its Budget, Sir Robin Wales, the mayor of Newham, said recently.

Posted by Chris Price 

Published 7th March, 2011

© 2011 Estates IT Limited

Latest London Property News Headlines

Newham: 650-home development set to breathe new life into the borough

Newham: 650-home development set to breathe new life into the borough

Newham Council has recently submitted plans for a 650-home development in the borough, it has been announced.

Read Article ... Published on 23rd April, 2014

Hillingdon: 123 new homes expected in the borough

Hillingdon: 123 new homes expected in the borough

Over a hundred new homes will be built in Hillingdon, it has been revealed.

Read Article ... Published on 17th April, 2014

Thousands of social homes to be built across Southwark

Thousands of social homes to be built across Southwark

Southwark council has unveiled ambitious plans to build 11,000 new social homes in the borough.

Read Article ... Published on 15th April, 2014

House price rises preventing buyers from purchasing homes

House price rises preventing buyers from purchasing homes

Soaring house prices are preventing Brits from buying their first home, according to new findings.

Read Article ... Published on 15th April, 2014

Kingston spends £65m on boosting homes in the borough

Kingston spends £65m on boosting homes in the borough

Kingston Council has unveiled plans to upgrade houses across the borough. Over £65 million has already been spent on improving the quality of social homes in the area.

Read Article ... Published on 14th April, 2014

Edgware: A popular and diverse area of London steeped in history

Edgware: A popular and diverse area of London steeped in history

Edgware is a popular town in London, which has seen a number of new developments over the years. 

Read Article ... Published on 11th April, 2014

Forest Gate: An artistic and diverse area that sits in the heart of London

Forest Gate: An artistic and diverse area that sits in the heart of London

East London does not have the best of reputations. It is an area of London that very quickly became associated with crime, gangs and poverty since the 19th century and still retains that stigma today.

Read Article ... Published on 11th April, 2014

Camden: Council spearheads sustainability drive in the borough's schools

Camden: Council spearheads sustainability drive in the borough's schools

Camden Council has undertaken a drive to improve schools in the area, according to new findings.

Read Article ... Published on 10th April, 2014

Hounslow: New affordable housing scheme launched in the borough

Hounslow: New affordable housing scheme launched in the borough

Hounslow Council have unveiled a new scheme aimed at producing affordable housing for people who live in the area.

Read Article ... Published on 9th April, 2014

Enfield Council: Energy bills slashed for residents in the borough

Enfield Council: Energy bills slashed for residents in the borough

Enfield Council has undertaken a drive to slash the energy bills for thousands of households living in the borough, it has been revealed.

Read Article ... Published on 8th April, 2014

Residents in flats to rent in the London borough of Newham are being reassured the Olympic Stadium bid will not affect the council's day-to-day spending.

Newham residents offered reassurance over Olympic Stadium bid funding

Do you want a Short Let?

Do you want a Commercial Let?



Like this?
Share this
Follow Net-Lettings
Facebook Net-Lettings.co.uk Twitter Net-Lettings.co.uk RSS Feed
Follow Estates IT
Facebook Estates IT Twitter Estates IT RSS Feed

Estates IT offering Estate Agents Software. Lettings Agent Software, Rental Software, Property Management Software.
Net-Lettings.co.uk

Net-Lettings.co.uk was one of the first property and agent directory websites on the internet launched in 1996. We still believe in simplicity today. Use this London Lettings Directory for all your rental property needs whether a Tenant or Landlord.

Subscribe to RSS feed, or bookmark us so you do not miss any London News Articles we publish.

London Areas

London is a diverse community of people. There are many areas to choose from we have around 245 that appear on the map and approximately 338 total London areas. Here are just a few of the latest hot areas.

Letting Agents Docklands
Letting Agents Camden
Letting Agents Notting Hill
Letting Agents St John's Wood

Advertising & Sales

This site offers Letting Agents low cost effective advertising of their web site. We are not a Letting Agency but connect you directly Lettings Agents in your required area. Letting Agents see below options available with Net-Lettings. You can contact or follow us below.

Advertise on this site ...
Register with us ...
Need Estate Agent Software?

Nibbler report