PART ONE Key lessons from the unsuccessful previous competition were identified

In the first part of this report we examine the reasons why the original Dome sale competition, ending in February 2001 without finding a buyer, was unsuccessful and if lessons were learned and applied to the next sale process which has produced the current deal with Meridian Delta Ltd. 

Our analysis shows that the main themes behind the initial lack of success were:

■  the complexity of the first competition objectives and process, including dependence on the records and performance of the New Millennium Experience Company; and

■  the inherent difficulty of selling the Dome in isolation from other parts of the northern Greenwich Peninsula site.

We found that lessons were learned and applied to the subsequent sale process.