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Three Ally Pally hopefuls shortlisted
Larwence Marzouk Muswell hill and Crouch End Times 17/11/05
The three companies shortlisted to take on the 125-year lease
for Alexandra Palace were announced this week.
The Business Design Centre Group, which runs the Islington
Business Design Centre; Earls Court and Olympia Group; and
Firoka (Heythrop Park) Ltd, were selected from the 13 companies
who had originally bid to take on the north London landmark.
Firoka owns several London hotels, and has converted a large
country house in Oxfordshire into a luxury getaway. The company
also owns Oxford United Football Club. Although Alexandra Palace
could not be transformed into a hotel in its entirety, it is
understood that part of the building could be used for hospitality
or a hotel.
Earls Court and Olympia attract 2.4 million visitors every
year, hosting top acts such as Madonna, Coldplay and Justin
Timberlake, as well as organising some of the UK's largest
The Islington Business Design Centre holds high-profile exhibitions,
talks and educational fairs.
The trio have now been asked to provide a more detailed proposal,
and a preferred bidder will be selected in early in 2006.
With a mounting restoration
bill of £38 million, the
trust decided last year to lease the building to a private
investor for 125 years. The palace has always failed make a
profit and currently costs Haringey council tax payers £500,000
Keith Holder, general
manager of Alexandra Palace, said: "The
response to the marketing campaign was excellent, and we are
pleased to be working with three prestigious companies who
presented innovative and high-quality proposals. Our strategy
has always been to secure the future of the palace for Londoners."
He said they hoped to announce details of the preferred partner
early in 2006.
Each shortlisted company will be asked to supply a large plan
of their proposal, which will be placed at the palace for the
public to view in January.
Earls Court bosses keen on Palace
Pete Sherlock Muswell hill and Crouch End Times 10/11/05
Entrepreneurs behind Earls Court and Olympia are among the
favourites to take over the running of Alexandra Palace.
Multi-millionaires Steve Conway, Anthony Lyons and David Coffers
have made an offer to turn the debt-ridden palace into one
of the UK's most successful exhibition and concert arenas.
Their bid is one of 13 received by Alexandra Park and Palace
Faced with a bill of £38 million to restore the crumbling
building, the trust last year decided to lease the building
to a private investor for 125 years in a bid to turn around
its fortunes. The palace has always failed to run at a profit
and drains Haringey's council tax payers of £500,000
"The 13 bids will be subject to evaluation criteria concerning
deliverablility, financial and compliance with the charity's
objective," said a trust spokesman.
"As a result of that evaluation process
we expect, within the next few days, to announce the shortlist
Earls Court and Olympia attract 2.4 m visitors every year,
hosting top acts such as Madonna, Coldplay and Justin Timberlake.
Under the name St James Capital, Mr Conway,
Mr Lyons and Mr Coffers bought controlling shares in Earls
Court in May last year at a cost of £245m.
Last week, a group of residents put forward a non-commercial
proposal to turn the building into an international museum
of garden design.
Their plan would see the palace roof removed and the building
turned into an artistic ruin' interwoven with gardens.
The deadline for bidders to put forward expressions of interest
passed at the end of October.
accounts show Palace generated £1m
and High 2/2/04
If it's a white
elephant then it's a healthy one
Green Observer June 12 1953
Television Guns scare