LondonNet News Headlines
11/11/00
New D-Day for Dome
- Government rules on Legacy bid to takeover attraction

THE FUTURE of the troubled Millennium Dome could be a little clearer today if the government decides to give "preferred bidder" status to the Legacy Consortium.

Legacy initially lost out to Japanese investment bank Nomura's UKP 105 million bid in the contest to determine who would takeover the Dome from 1 January 2001. Nomura planned to continue using the Greenwich site as an entertainment based attraction carrying over many of its existing exhibits.

In contrast, Legacy's UKP 125 million plan proposes a clean break from the discredited New Millennium Experience, turning the huge tent like building into a high technology business park. Their proposals forecast the creation of 14,000 jobs in the area over the next three years. However, Legacy's Labour supporting backer Robert Bourne has warned that he wants a decision today on whether he will be awarded preferred bidder status.

The Deputy Prime Minister, John Prescott, is said to be irritated by the Legacy's threat to pull out if no interim decision is reached. However, Prescott will be keen to wipe the government's hands of the troubled Dome in the run up to the next general election, expected in the Spring. With the only other serious plan being sponsored by current Dome chief Pierre Yves Gerbeau, Legacy's prospects look good.




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