Dome Auction Could be Postponed

The planned auction of the Dome’s contents may possibly die before it even gets going if Legacy plc’s bid for the site is not concluded on 14 February as intended. It appears that the Government and Legacy cannot agree terms, and, as a result, the New Millennium Experience Company has reviewed plans to postpone indefinitely the £10m auction, which is scheduled to start at the end of February. We understand that they may, however, proceed with the sale of some of the site’s assets. If the Legacy bid does fall through, it will mean that other potential bidders, including the Dome's chief executive, Pierre-Yves Gerbeau, who has struck an alliance with James Palumbo, property firm Pilton Group and the pop impresario Harvey Goldsmith, may have their wish to keep the venue entertainment-based rather than the business park proposal that was at the heart of the Legacy plan.

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