The Olympic Park Legacy Company has selected West Ham United as its preferred bidder to take over the Olympic Stadium after the 2012 Games.
West Ham was competing against Tottenham Hotspur’s bid, which in partnership with AEG, proposed to demolish and rebuild the stadium without an athletics track, instead refurbishing an existing facility at Crystal Palace. West Ham, in partnership with Newham council, intends to keep the stadium available for athletics.
Baroness Margaret Ford, chair of the Olympic Park Legacy Company, said:
“Following a very robust process involving a huge amount of work, the board has made a clear and unanimous recommendation to select West Ham United and the London Borough of Newham as the preferred long-term tenant for our Olympic Stadium.
“The two proposals are very different. We recognise the passion and commitment behind the bids but ultimately this is a decision about creating a sustainable economic legacy that works best for the wider regeneration of East London, and is integrated with our broader vision to make the Olympic Park a leading destination.
“West Ham and Newham with their partners, including Westfield and Live Nation, will bring energy and dynamism into the Park and into the East End, and will provide a very strong anchor tenant for the Stadium. These are organisations that have already invested heavily in the area and are wedded to bringing benefits for the local community.”
The board’s recommendation will now go to the Olympic Park Legacy Company’s founder members – the Mayor’s Office and the Government – for approval. If approval is given, contractual negotiations will then begin with the preferred bidder.