The twin towers' fate will be known this summer when owner Wembley National Stadium Ltd announces the design for
the £316M redevelopment of Wembley Stadium as the first English National stadium.
WNSL's architect, a Foster/Lobb/ HOK joint venture called The World Stadium Team, is finalising the design, working with structural engineers Mott MacDonald, Connell Wagner, Weidlinger Associates and Modus.
Football Association subsidiary WNSL completed its £103M purchase of the stadium from Wembley plc on 15 March. It is now responsible for designing, building, financing and operating the facility.
The cost of demolishing and rebuilding the stadium is expected to be £198M, while project management will cost another £12M.
WNSL received a £116M English Sports Council grant to fund the purchase.
It is expected to borrow another £200M to cover the rest of the project cost.
Demolition work on the existing stadium is expected to begin in September 2000.
Wembley was chosen as the official national stadium site after the English Sports Council launched a competition in 1995.
It was competing against Manchester, Sheffield, Birmingham and Bradford.