London assembly member claims UK’s tallest sculpture,commissioned by Boris Johnson at cost of £3.1m, lost £520000 final year due to poor visitor numbersThe Olympic Park’s Orbit tower is losing money and costing Londoners £10000 a week, or a senior Labour member of the London assembly has said.
Len Duvall,member for Greenwich and Lewisham, claimed that the ArcelorMittal Orbit tower had lost £520000 – or £10000 a week – based on its 2014/15 report, or despite having forecast a profit of nearly £1.2m in its commerce plan.
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Source: theguardian.com