POSTED: May 14th 2012
NewsUpdate
London 2012 Olympics stadium bid deadline extended to attract more tenders
LAURA WALDEN / Sports Features Communications
May 14 – The London Legacy Development Corporation (LLDC) group overseeing the development of the Olympic Park has announced today that the bidding on the future of the Olympic stadium has been pushed back by another eight weeks to allow parties wishing to tender more time.
The organization is responsible for the regeneration legacy from the London 2012 Games made the decision since a number of issues have arisen since the Invitation to Tender (ITT) was issued in January. Mainly these are governing body approvals, technical improvements and the opportunity to bid for the right for naming rights.
Andrew Altman, Chief Executive of the London Legacy Development Corporation, said in a statement:
“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 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. 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.”
Originally the West Ham soccer club had been chosen to deal with the stadium however the deal fell through after Premier League club Tottenham challenged the decision as well as Leyton Orient and a London architect.
LLDC reiterated that they intend to reopen the stadium as planned in 2014.
Keywords · London 2012 · London Legacy Development Corporation · Olympic Park · Andrew Altman
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