This 2005 NAO Full Report covers the second attempt to find a worthwhile use for the Millennium Dome and associated land on the Greenwich Peninsula which avoided many of the problems of the earlier abortive sale competition.
The report also sets out the main factors which led to the failure of the first competition in 2001. Too many parties were involved in the decision making and key players such as the New Millennium Experience Company and English Partnerships did not have the same aims. Furthermore, the stated objectives which bidders were asked to meet were too complicated and difficulties at the New Millennium Experience Company, including the incomplete record of assets and liabilities, affected the first competition.
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