London 2012: Olympic Stadium tenant announcement is delayed

14:00 14 May 2012

PA Wire/Press Association Images

Parties interested in taking control of the Olympic Stadium after the Games have been given an extra eight weeks to submit their bids.

Legacy bosses have extended the process after issues arose surrounding naming rights, stadium improvements and governing body approvals.

A decision on a successful tenant for the venue was expected on May 21.

West Ham United, Essex County Cricket Club and the University of East London were among 16 parties to register their interest in signing the 99-year lease on offer.

They will be able to re-submit their bids.

Andrew Altman, chief executive of the London Legacy Development Corporation, said: “We have been very encouraged by the quality of the bids so far.

“However, a number of issues have arisen during the process and we believe it is sensible to give everyone more time so they can be addressed.

“We want to make the process as competitive as possible and extending the competition period will allow all parties that registered an initial interest in the stadium another chance to bid.

“The fundamentals have not changed and it remains our intention to sign construction contracts for converting the Stadium at the end of October, with the intention of re-opening in 2014 as previously announced.”

Latest Stories from SNAP.PA

Usher has revealed his son has told him he doesn’t think he’s a very good singer.

Read more

Wandering which app to download next? We get to grips with what’s new.

Read more

Alicia Keys showed off her baby bump with husband Swizz Beatz at Keep A Child Alive’s 2014 Black Ball.

Read more

Promotions

BT Home Smart Cam

When I was first told by my boss that I would be doing a review on the BT Smart Cam 100 I didn’t quite know what to expect. Before even looking at the product I was picturing it as nothing more than a web cam with a fancy name.

AGA Living Subscription

Every issue of AGA Living magazine is packed full of celebrity AGA owner interviews, interior and design features, ideas to inspire your culinary imagination, mouth-watering recipes and inspirational shopping ideas.

And it’s said to be revolutionising access to donor sperm throughout the country.

Many people now feel they have to move jobs to better their career and get ahead.

‘Go get him’ said the police officer, and that’s just what the dog did.

It’s deforestation, but not as you’ve seen it before.

Quirky London