Local Weather

Partly Cloudy

Partly Cloudy

max temp: 22°C

min temp: 16°C

Five-day forecast

Formula One races could yet be staged at Stratford’s Olympic Stadium, it was revealed today.

To send a link to this page to a friend, you must be logged in.

A consortium, Intelligent Transport Services Ltd - in association with F1 -, has been named as one of four bidders to lease the venue.

As expected, West Ham United FC and Leyton Orient FC also have bids on the table and are thought to be leading contenders.

The UCFB College of Football Business - a partnership between Burnley Football Club and the University of Buckinghamshire - is the fourth party.

The bids will now be assessed by London Legacy Development Corporation (LLDC) before a decision is made later this year.

Newham Council confirmed last week that it would invest £40 million in the stadium - but will have no say on the winning bidder.

iCITY has also been given preferred bidder status to become the long-term tenant of the press and broadcast centres.

It proposes to turn the building into one containing a conference centre and a pedestrian square for broadcasting major sporting events, along with cafes, restaurants and bars.

The LLDC board has also selected the winning developer to build the first new neighbourhood on the Olympic Park after the Games.

The developer, which cannot be named until the tendering process is fully completed next week, will start work as soon as the athletes have gone in order for the first homes to be ready at the end of 2014.

Chief executive Andrew Altman said: “Today’s announcements are the culmination of three years’ hard work from the team. “Building on the recent planning approval of our masterplan for the Queen Elizabeth Olympic Park (as it will be known after the Games), they represent a significant milestone in turning planning into reality.

“Through this kind of private investment we can work to create a great employment, housing and sporting legacy for east London.”

London Mayor Boris Johnson, added: “London couldn’t be in a better position to stage the best Games ever with everything ready to go and our legacy plans in great shape.”

Share this article

0 comments

   Local advertisers

Other News

Click here to read the Digital Edition of the The Reporter on screen

Around the Web See all

Use our Wedding site to help you plan your big day!
At WeddingSite we know how much you have to organise for your wedding day, that's why we have designed a set of FREE, simple-to-use tools to make the planning process easy & hassle-free. FIND OUT MORE
Find a date using our online dating and friend finder
You can meet new friends, find romance or simply meet up online with people sharing similar interests and hobbies. FIND OUT MORE
Find a local business using our online directory search
Need a plumber? Or a florist? Or anything else? Search our business directory to find Gravesend businesses in just a few seconds. FIND OUT MORE
Family notices from the The Reporter, with readers' tributes
In memoriam, birthdays, weddings, anniversaries, best wishes & special days. FIND OUT MORE