Olympic Stadium Tenant Process Prolonged

It looks like the Hammers are in for a bit more waiting to see who gets the Olympic stadium after the London 2012 Olympic Games as the bosses at the London Legacy Development Corporation have extended the process. Apparently, a few issues have arisen regarding government body approvals, naming rights and stadium improvements.

The Hammers were expected to hear news about the successful new tenants on 21st May, just two days after the Wembley final play-offs. It looks like the decision has now been postponed.

There are at least 16 parties who registered their interest for securing the 99 year lease on the stadium once the Olympic Games have ended and among them are the University of East London, Essex County Cricket Club and of course, West Ham United. All bids for the prize location can be re-submitted, we are told.

The chief executive of Legacy, Andrew Altman had this to say regarding the process:

“We have been very encouraged by the quality of the bids so far.

“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.

“The fundamentals have not changed and it remains our intention to sign construction contracts for converting the Stadium at the end of October, with the intention of re-opening in 2014 as previously announced.”

“We want to make the process as competitive as possible and extending the competition period will allow all parties that registered an initial interest in the stadium another chance to bid.

We still think the Hammers have a pretty good chance of getting the lease and I personally believe this possibility will greatly increase if the hammers do their job on Saturday and beat the Tangerines at Wembley.
What a great showcase it will be if the Irons get to the Premier League and secure the 99 year lease on one of the sexiest stadiums around 😉