In an embarrassing finale to the doomed project, Lord Falconer said Meridian Delta, a consortium including Lend lease, Quintain Estates and US giant Anschutz Entertainment Group, had entered into a 25-year public-private partnership with English Partnerships to run the site as a sports and entertainment complex.
But the consortium has not handed over a single penny for a 999-year lease – the Greenwich site could return to the state in time for the next millennium – despite it including not only the Dome itself but also 150 acres of surrounding land.
The news came as KPMG was officially appointed to liquidate the New Millennium Experience Company, the company responsible for the ill-fated attraction.
At the same time, the National Audit Office confirmed it would be investigating the sale of the Dome, though it said it was too early to say when its findings would be published.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements