Regeneration minister Lord Falconer is expected to either give away or sell the Millennium Dome this week. The deal would include around 70ha of land for a £4 billion mini-city of 5,000 homes and offices. Falconer was due to make an announcement as the AJ went to press.
Reports suggest Falconer is set to give the Dome and land to a consortium called Meridian Delta - which would split proceeds from the scheme with the Treasury - or to sell it for £500 million.The consortium, which includes developers Lend Lease and Quintain, is keen for a bridge or tunnel to be built from Silvertown on the north bank to Greenwich Peninsula. The mini-city could take around 15 years to build.