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

Hollyoaks has launched a new game fans can download to their phones and tablets.

Read more

A fatal cocktail of blistering heatwaves and an ageing population could be a real killer by 2100.

Read more

Promoted content

Gamucci is a global leader and premier brand of electronic cigarettes

Gamucci has an electronic cigarette tailored for every need. We have a range of both disposable and rechargeable electronic cigarettes suitable for all adult smokers. And for a limited time, some great discounts.

Money saving Christmas gifts to add to your shopping list!

It’s nearly time to go on the hunt for Christmas presents, stuck on what to get for your nearest and dearest? We’ve picked out a selection of great deals to get you started and to help you save some pennies!

Up to 3,000 people took to the streets of London in vigils for Mike Brown which turned into a protest march down Oxford Street.

The NHS have introduced a new pill for those who struggle to screw the lid back on that bottle of wine.

Today the doctor has received an eight-year sentence for a string of offences.

Quirky London