Stadium competition extended for by two months

Wed 6th June 2012, 10:23 am

The competition to find an operator for the Olympic Stadium in the years following the Games has been extended by eight weeks.

The London Legacy Development Corporation said it has taken the action to allow more time to address a number of issues which have arisen since the invitation to tender (ITT) was issued in January.

Andrew Altman, chief executive of the London Legacy Development Corporation, said: “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.”

The legacy corporation has made a number of clarifications to the ITT in response to issues that have arisen since it was first issued in January, some of which were understood to have deterred some interested parties from bidding.

These include governing body approvals, technical improvements to the stadium and the opportunity to bid for the right to exploit the stadium naming rights.

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