SBD/November 10, 2010/Facilities

Int'l Stadia Group Emerges As Bidder For London Olympic Stadium

ISG Looking To Challenge Tottenham Hotspur, West Ham For Olympic Stadium
Int'l Stadia Group, the stadium management and financing operation owned by IMG, has “emerged as a potential tenant of the London Olympic stadium,” according to Paul Kelso of the London TELEGRAPH. ISG, which "has worked on a number of high-profile projects" including the new Wembley Stadium, is reportedly the third candidate bidding to take on the ’12 stadium in competition with bids from EPL clubs Tottenham Hotspur and West Ham. ISG last Friday “submitted a bid and made a presentation to the Olympic Park Legacy Company.” ISG “may plan to run the Olympic Stadium without an anchor football tenant, and would seek to attract regular events such as the NFL’s international round or eventually a London franchise to the arena.” West Ham has also “held talks with the NFL about hosting matches but any talks about NFL expansion are on hold” until a new CBA is in place. ISG’s potential involvement “emerged as the Olympic Delivery Authority revealed its latest budget forecasts for the Olympic project, which show a small reduction in the forecast final cost of the project.” The final cost is now estimated at nearly US$11.6B, down US$46.5M from the last quarterly forecast (London TELEGRAPH, 11/10).
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