Monday, 27 November 2000
The Legacy consortium (which includes British Telecom, Imperial College, the Open University and Sun Microsystems) has emerged as the preferred bidder for the Millennium Dome. The consortium plans to retain the controversial tent as a place for IT and science-related businesses as part of a £125m business park called Knowledge City. Talks on the deal are still ongoing, but should Legacy's bid for the Dome collapse, there will be no shortage of others to take its place. The owners of Canary Wharf are eyeing the Dome site as a potential aid to its programme of expansion in the area, whilst a consortium of businessmen, including Michael Jackson’s manager, will stump up £135m to transform the Dome into a rock venue.