LONDON (AP) — Premier League club West Ham will move into London's Olympic Stadium, ending drawn-out negotiations over the future of the $783 million venue that hosted the opening and closing ceremonies.
Under the 99-year deal announced Friday, West Ham will make the short move from its 35,000-capacity Upton Park stadium to the revamped Olympic arena in 2016.
The 80,000-seat stadium, which also hosted the track and field competition at the 2012 London Games, will be downsized to 54,000 seats and reconfigured with a new roof and retractable seats.
"This is a truly momentous milestone for London's spectacular Olympic Stadium ensuring its credible and sustainable future," London mayor Boris Johnson said. "Through this deal with West Ham United FC, we are defying the gloomsters who predicted this landmark would become a dusty relic."
West Ham will have primary of use of the stadium, although the venue will retain the running track and stage other sporting events and concerts.
"It's had all the legendary moments from the summer in here," West Ham midfielder Joe Cole told The Associated Press. "We hope we can put more great nights on for the West Ham fans."
Britain hopes the stadium can be used for 2015 Rugby World Cup matches, a year before West Ham is expected to move in for the 2016-17 season. The stadium is also scheduled to host the World Championships in track and field in 2017.
West Ham was chosen as the preferred bidder after legal challenges from London clubs Tottenham and Leyton Orient.
With the new contract signed Friday — despite Orient pursuing another protest through the courts — West Ham officials criticized the previous policy of keeping soccer clubs out of stadium plans.
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