London's new slide will cost an eye-watering £3.5 million

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The world's tallest slide could also turn out to be the world's most expensive.

London Legacy Development Corporation [LLDC] confirmed the cost of converting the ArcelorMittal Orbit at the Olympic Park into a giant helter skelter will cost £3.5 million.

ArcelorMittal Orbit tower Credit: PA

The 2,000-tonne steel sculpture in London's Olympic Park has been struggling financially, and lost £520,000 in its first year.

The tourist attraction re-opened in April 2014 following the park's post-games transformation.