Fresh delay in Olympic Stadium decision

 

A decision on the future of the Olympic Stadium faced fresh delay today as the competition to find tenants was extended by eight weeks.

The London Legacy Development Corporation (LLDC) said it is to allow all parties that registered to receive the invitation to tender (ITT) additional time to submit a bid.

It is to allow more time to address a number of issues which have arisen since the ITT was issued in January, the LLDC said.

LLDC chief executive Andrew Altman said: "We are determined to run a process that is fair to all and delivers the best possible legacy for the Olympic Stadium.

"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 LLDC said it has made "a number of clarifications" to the ITT in response to issues that have arisen since it was first issued in January.

Some potential bidders were put off by the original terms of the tender.

Governing body approvals, technical improvements to the stadium and the opportunity to bid for the right to exploit the stadium naming rights were among the controversial issues.

The aim is still to sign construction contracts for converting the stadium at the end of October and to reopen the venue in 2014.

"The fundamentals have not changed," Mr Altman said.

"This is a significant public asset and a 99-year lease and it is right that we take the time now to get the best possible outcome for the stadium."

In March, the LLDC, which was then operating as the Olympic Park Legacy Company (OPLC), confirmed that four bids were on the table from firms wanting to become tenants of the Olympic Stadium.

West Ham United, which won the now-disbanded process to move to the stadium in Stratford, east London, after the London 2012 Games, is one of the bidders.

West Ham United has applied for a 99-year lease of the stadium, which is reported to have cost £486 million to build.

The plan had been to start evaluating the four bids with the aim of making a decision before this summer's Games.

There had been 16 would-be bidders who had shown an interest but this had dropped to four once submissions were made in March.

The LLDC claimed it was not unhappy with the four bids but was addressing "technical issues" that had arisen.

It is hoped the extension will "make sure that there is a level playing field for all those who registered", a spokesman said.

Evaluation of bids will not now happen before the summer but the LLDC's "hard and fast" deadline is to have a contract in place by October, they said.

PA

Suggested Topics
PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
Sport
Two christmas trees ,Moonbeam (2L), Moonchester (2R) and Santa Claus outside the Etihad Stadium
footballAll the action from today's games
News
Sarah Silverman (middle) with sister Reform Rabbi Susan Silverman (right) and sister actress Laura Silverman (left) at Jerusalem's Western Wall for feminist Hanuka candle-lighting ceremony
peopleControversial comedian stages pro-equality Hanukkah lighting during a protest at Jerusalem's Wailing Wall
Arts and Entertainment
The Bach Choir has been crowned the inaugural winner of Sky Arts’ show The Great Culture Quiz
arts + ents140-year-old choir declared winner of Sky Arts' 'The Great Culture Quiz'
Life and Style
food + drink
News
i100
Caption competition
Caption competition
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Daily Quiz
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Day In a Page

Homeless Veterans appeal: 'You look for someone who's an inspiration and try to be like them'

Homeless Veterans appeal

In 2010, Sgt Gary Jamieson stepped on an IED in Afghanistan and lost his legs and an arm. He reveals what, and who, helped him to make a remarkable recovery
Could cannabis oil reverse the effects of cancer?

Could cannabis oil reverse effects of cancer?

As a film following six patients receiving the controversial treatment is released, Kate Hilpern uncovers a very slippery issue
The Interview movie review: You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here

The Interview movie review

You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here
Serial mania has propelled podcasts into the cultural mainstream

How podcasts became mainstream

People have consumed gripping armchair investigation Serial with a relish typically reserved for box-set binges
Jesus Christ has become an unlikely pin-up for hipster marketing companies

Jesus Christ has become an unlikely pin-up

Kevin Lee Light, aka "Jesus", is the newest client of creative agency Mother while rival agency Anomaly has launched Sexy Jesus, depicting the Messiah in a series of Athena-style poses
Rosetta space mission voted most important scientific breakthrough of 2014

A memorable year for science – if not for mice

The most important scientific breakthroughs of 2014
Christmas cocktails to make you merry: From eggnog to Brown Betty and Rum Bumpo

Christmas cocktails to make you merry

Mulled wine is an essential seasonal treat. But now drinkers are rediscovering other traditional festive tipples. Angela Clutton raises a glass to Christmas cocktails
5 best activity trackers

Fitness technology: 5 best activity trackers

Up the ante in your regimen and change the habits of a lifetime with this wearable tech
Paul Scholes column: It's a little-known fact, but I have played one of the seven dwarves

Paul Scholes column

It's a little-known fact, but I have played one of the seven dwarves
Fifa's travelling circus once again steals limelight from real stars

Fifa's travelling circus once again steals limelight from real stars

Club World Cup kicked into the long grass by the continued farce surrounding Blatter, Garcia, Russia and Qatar
Frank Warren column: 2014 – boxing is back and winning new fans

Frank Warren: Boxing is back and winning new fans

2014 proves it's now one of sport's biggest hitters again
Jeb Bush vs Hillary Clinton: The power dynamics of the two first families

Jeb Bush vs Hillary Clinton

Karen Tumulty explores the power dynamics of the two first families
Stockholm is rivalling Silicon Valley with a hotbed of technology start-ups

Stockholm is rivalling Silicon Valley

The Swedish capital is home to two of the most popular video games in the world, as well as thousands of technology start-ups worth hundreds of millions of pounds – and it's all happened since 2009
Did Japanese workers really get their symbols mixed up and display Santa on a crucifix?

Crucified Santa: Urban myth refuses to die

The story goes that Japanese store workers created a life-size effigy of a smiling "Father Kurisumasu" attached to a facsimile of Our Lord's final instrument of torture
Jennifer Saunders and Kate Moss join David Walliams on set for TV adaptation of The Boy in the Dress

The Boy in the Dress: On set with the stars

Walliams' story about a boy who goes to school in a dress will be shown this Christmas