Government gives away Millennium Dome
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.The Government gave away the Millennium Dome and the surrounding land for free today in the hope of getting £550 million back over the next 20 years.
Dome minister Lord Falconer confirmed that the Meridian Delta consortium was taking over the troubled Greenwich, south London, attraction.
The deal will involve Meridian's entertainment arm AEG spending £135 million turning the Dome into a 20,000–seat top entertainment and sporting venue.
The rest of the site would be developed by Meridian and would create tens of thousands of jobs and up to 7,000 new homes, Lord Falconer told the House of Lords
He said "no specific price" was being paid but that Government regeneration agency English Partnerships which currently owns the Greenwich site, could be entitled to a share of future profits.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments