Settlement reached over London Stadium deal.
The LLDC is the mayor of London's agency responsible for regenerating the Olympic site in Stratford.
It launched its action in the High Court, alongside its co-owners and commercial arm E20, but has confirmed the sides have now settled. A statement issued by both the LLDC and Allen & Overy said: "E20 Stadium LLP, London Legacy Development Corporation and Allen & Overy LLP have reached a resolution of the litigation between the parties concerning the March 2013 WHU Concession Agreement. The terms of the settlement are confidential."
It cost more than £300m to convert the stadium, which hosted athletics during the 2012 Games, into a venue which could accommodate top-flight football. Significant costs are involved in installing temporary seating closer to the pitch for football, but removing it to allow athletics and music events in the summer.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Feltham: Homes evacuated as crews tackle west London blazeAbout 60 people have had to leave their homes as trees burn to the rear of several properties.
Read more »
The 18 Essential London PizzeriasFrom Neapolitan and NYC-style to somewhere-in-betweens
Read more »
Boris and Carrie put south London home on the market for £1,600,000Boris Johnson and his wife Carrie have put their luxury south London pad on the market for £1.6 million as they prepare to leave Downing Street.
Read more »
GLAMOUR Tries: We've tried the London Brow Home Brow Lamination KitNew brows, new life 😍
Read more »
What do you need to ride London Edinburgh London? Matt Page's bike and equipment for 1,500km self-supported classicWhat do you need to ride London Edinburgh London? Matt Page takes us through his unconventional rig for this classic self-supported Audax event that set off in the early hours of this morning... cycling
Read more »
Travis Scott's London gig sees crowd member throw 'heavy object' at rapperTravis Scott was briefly interrupted at his London show when an audience member threw a 'heavy object' towards the Astroworld rapper.
Read more »