30/09/2010

Bids Close For Olympic Stadium

The deadline for bids to take over the Olympic Stadium after the 2012 Olympics, drew to a close at 12 noon today.

West Ham are the favourites to win having submitted a joint proposal with Newham Council which has apparently won the endorsement of Downing Street.

However, the Olympic Park Legacy Company (OPLC) has refused to confirm the identity of bidders.

Those believed to have submitted bids include AEG, financial company Intermarket and the owner of the O2 Arena.

There were concerns over finding a taker for the 80,000-seater stadium, due to restrictions imposed by London Games organisers.

They include the number of seats being reduced to 25,000 and the athletics track being retained.

However organisers have been persuaded to allow up to 60,000 seats.

Sir Robin Wales, the Mayor of Newham said: "The Olympic Stadium is the jewel in the crown of London 2012.

"We see it as the catalyst for our once-in-a-lifetime opportunity to transform not just Newham but the whole of the East End."

Upon completion of the stadium next Spring, the OPLC will announce the successful bidder.

(BMcN)

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