Bid Received for Formula 1 to Race at London Olympic Stadium

The London Legacy Development Corporation has confirmed that it has received a bid to use the Olympic Stadium as the venue for a London Formula 1 race. 

"Following an extension to the bidding period, the Legacy Corporation can today reveal that it has received four bids for the venue. Bids from West Ham United, Intelligent Transport Services in association with Formula 1, UCFB College of Football Business and Leyton Orient will now be assessed to ensure they are compliant, before being evaluated ahead of negotiations," said the corporation in a statement. 

Intelligent Transport Services consulted with Bernie Ecclestone about holding the race. Its plan is to use the interior and exterior of the stadium for the course. 

"This is a firm that happened to be bidding for use of the stadium, not to own it. They came up with a scheme whereby Formula 1 would race around the stadium, inside it, outside it. They wanted to make sure I would be interested," said Ecclestone. 

Using the stadium would eliminate many of the previous problems with holding a race in London. The previous plan to hold the race in the center of the city would never had really worked. The area is too congested already.

Source: Autosport