LondonNet News Headlines
18/09/00
Plug Pulled on Dome Bid
- Sorry, but we had no alternative, say Nomura

DOME CRISIS Part 657. The future of the beleaguered Millennium Experience was once again thrown into doubt today with the news that Nomura have pulled the plug on a deal to take over the Dome.

At issue is a secret financial report by accountants PriceWaterhouseCoopers to which Nomura say they have been denied access. The Japanese bank are also not happy that Dome chiefs have cut ticket prices and that suppliers have laid claim to some of the attractions assets.

"This was a very difficult decision to make but in the circumstances we had no alternative," said Guy Hands, financial controller at Nomura.

"I feel very sorry for the people of Greenwich and particularly for the Dome's employees who face an uncertain future through no fault of their own."

The New Millennium Experience Company, which runs the Dome, adopted a bemused attitude to the latest shock. "We are surprised and disappointed by this development, particularly the stated reasons, which we believe are without foundation," said a NMEC spokesperson.

Nomura had planned to turn the Dome into a theme park but rival bidders who favoured installing a business park inside the massive structure could now get their way.




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