What will Lend Lease’s capital commitment be?
The expected maximum capital commitment for Lend Lease to achieve planning approval for an implementable land sale and development program is 20 million. This commitment is consistent with Lend Lease’s development model. Did the Millenium Dome have to be part of the overall Greenwich Peninsula Urban Regeneration Proposal? It is fair to assume that the British Government would not have considered any proposal had it not included the Millenium Dome. Anshutz Entertainment Group (AEG), a leading US stadium operator, will create, operate and carry financial responsibility for a world-class 20,000 seat entertainment and sports arena within the Millenium Dome structure. We see this as a viable solution for the Dome. Have you considered the environmental issues in the vicinity? English Partnerships and the British Government have done extensive work on this issue and we have allowed for considerable due diligence on this issue between now and financial close. What is the target return for the
