The new consortium is made up of Quintain Estates, Lend Leaseand Philip Anschutz, owner of the LA Lakers basketball franchise.Under their plans the central area of the dome will be convertedinto a 20,000-seat indoor stadium to house concerts and sportingevents. But unlike previous bidders which had wanted to buy thesite outright the new deal is reported to be structured around a20-year lease.
The massive dome, designed by Richard Rogers, was to have beenthe centerpiece of Britain's millennium celebrations and was seenas an essential part of the regeneration of the Greenwichpeninsula. However, it only attracted half the expected 12 millionvisitors, and has continued to be a drain on public funds evenafter it closed at the end of the year 2000.
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