The Olympic Park Legacy Company (OPLC) has today announced it is to enter into final negotiations with two major bidders – a consortium led by Tottenham Hotspur Football Club with AEG and a consortium of West Ham United Football Club and the London Borough of Newham.
In going to market, the OPLC’s aim was to consider options which would enhance and build on the existing and government-approved plans, for a 25,000 seat mixed-use stadium.
OPLC is seeking an anchor tenant that can provide an “excellent legacy” for the public investment made in the Olympic Park. Throughout the market testing and the bidding phase, the OPLC has asked interested parties to fufil obligations regarding the 2012 Games’ bid commitments for a legacy for athletics.
The OPLC aims to have a preferred tenant in place by the end of the financial year in 2011.
All bidders have today been notified as to their short-listed status.