§ Viscount Astorasked Her Majesty's Government:
When they expect Engish Partnerships to receive payments for development of the Dome site. [HL4732]
§ The Minister of State, Office of the Deputy Prime Minister (Lord Rooker)English Partnerships will receive payments for the development of its land on the Greenwich peninsula at the point when legal ownership of the site transfers from EP. Ownership will transfer on a plot by plot basis over the lifetime of the joint venture with Meridian Delta Limited (MDL) and will occur only after MDL has spent substantial sums on planning, marketing and installation of the infrastructure needed to support the redevelopment of the peninsula. Payments for the Dome itself will take the form of a share of profits, to be paid once the Dome is re-opened to the public. The precise timing of all these payments depends on when planning permission is granted and the precise phasing of development.