The London Legacy Development Corporation (LLDC) today revealed four shortlisted bids for the use of the Olympic Stadium, post-Games. West Ham United FC, Intelligent Transport Systems in association with Formula One, UCFB College of Football Business and Leyton Orient FC are the interested groups that will now be assessed before negotiations begin.
The Formula One bid is part of a plan to hold a Grand Prix in and around the East London stadium, which would become a second British round of the World Championships.
In May, the LLDC extended the tender deadline by eight weeks in order to make the process 'as competitive as possible'.
The 80,000 capacity venue will be reduced to a maximum of 60,000 and is scheduled to reopen in summer 2014. It is already earmarked to become the new national home for athletics and will host the IAAF 2017 World Athletics Championships.