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Dome Decision Imminent

Details: 14 March 2016

Deputy Prime Minister John Prescott and other ministers yesterday listened to the two final proposals from bidders vying to take over the Millennium Dome next year. Culture Secretary Chris Smith then told Parliament that a decision on the future of the venue was imminent. The two proposals are for an "urban entertainment resort" from Nomura International's Dome Europe, or a hi-tech campus of offices and workshops proposed by the Dome Legacy consortium. Each bid is thought to be worth around £100 million ($151.7 million) for the site in Greenwich, London, but government officials refused to confirm the figures and denied it had already decided to give the deal to Nomura. The Dome cost £758 million and was propped up with another £29 million cash injection in May.