Olympic Stadium Ownership Unresolved
Stadium to be sold after Games
Organizers for the London Olympic Games on Monday delayed the bidding process that will determine who owns the Olympic Stadium once the games are concluded. The London Legacy Development Corporation was expected to announce new owners this month but decided to extend the deadline to “run a process that is fair to all and delivers the best possible legacy for the Olympic Stadium.” Of the 16 bidders who have expressed interest in buying the stadium, only four have submitted formal applications. The British government approved a bid by the West Ham soccer team in March 2011, but the deal fell through after another soccer team and local entities challenged the plan.
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