The extension for potential bidders to submit a bid for the stadium has been extended to give parties more time to address a number of issues which have arisen since the tender was issued in January, the LLDC said. The LLDC has sought to make a number of clarifications to the tender document because it is concerned that some issues may have deterred interested parties from bidding.
The clarifications have focussed mainly on governing body approvals, technical improvements to the Stadium and the opportunity to bid for the right to exploit the Stadium naming rights.
“We are determined to run a process that is fair to all and delivers the best possible legacy for the Olympic Stadium," said Andrew Altman, chief executive of LLDC. "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."
It is hoped that the time extension will allow those parties that registered an initial interest in the Stadium another chance to bid.
The LLDC has confirmed that the "fundamentals" have not changed and that it intends 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,” said Altman.
The LLDC took over responsibility for the Olympic Park from the Olympic Park Legacy Company on 1 April, and has additional powers including planning powers from October 2012 from the Olympic Delivery Authority.
