19/08/2010

Bidding Begins For Olympic Stadium

Premier league club West Ham has six weeks to finalise its plans as the bidding process for the Olympic Stadium begins.

American sports and entertainment giant, AEG, who runs the former Millennium Dome site are also believed to be potential investors.

The 80,000 seat stadium was due to be cut down to a 25,000 capacity after the games, however as speculation grew the Olympic Park Legacy Company (OPLC) discovered over 100 participants were interested.

Margaret Ford, Chairman of the OPLC, said: "The Stadium is at the heart of the Olympic Park and securing the most appropriate solution is crucial to our long-term aspirations for the area.

"We have generated a great deal of interest by working with the market to understand how they would use this iconic venue. I am delighted that organisations with a serious interest all want a mixed usage - this is in-line with our promise to meet the bid commitments, and our vision for the Stadium to be a focal point for sport and community use.

"We aim to have selected an anchor tenant by the end of the financial year."

Plans for the Olympic Stadium form part of the Legacy Company's wider plans for the Olympic Park which will include new housing, schools, health centres and offices, along with the running of venues such as the Aquatics Centre, Orbit, Multi-Use Arena and Press and Broadcast Centres.

(CD/BMcC)

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