F1 still among bids for future use of Olympic Stadium
A proposal to build a Formula One circuit in and around London's Olympic Stadium will be considered alongside three other bids for the future of the venue after the 2012 Games.
News of the bid first emerged in June when the Daily Telegraph reported that an East London-based company called Intelligent Transport Solutions had put the idea to the London Legacy Development Corporation (LLDC). The bid was initially placed on the shortlist, but the process was then reopened by the LLDC before it confirmed the F1 idea had been officially shortlisted on Tuesday.
The F1 proposal will go up against bids from football clubs West Ham and Leyton Orient as well as UCFB College of Football Business. The LLDC said the Intelligent Transport Solution bid is "in association with Formula One", but in June F1 CEO Bernie Ecclestone stated that he "had not put his name to it".
The LLDC will assess the four proposals after the 2012 Games with a decision expected in the autumn.