This article is about the entertainment district incorporating the former Millennium Dome. AEG owns millennium dome structure pdf long-term lease on the O2 Arena and surrounding leisure space.
Millennium Dome’s shell were proposed and then rejected. The official renaming of the Dome in 2005 gave publicity to its transition into an entertainment district. Local bus services also serve the station and the nearby O2. On 23 February 2017, O2 announced that they had agreed a deal with AEG to maintain the naming rights of The O2 for a further 10 years until 2027.
The dome-shaped structure, which now houses The O2’s Entertainment Avenue and arena, was originally constructed as the Millennium Dome and housed the Millennium Experience, a major exhibition to celebrate the start of the third millennium. In popular usage, the dome canopy is often still called The Dome, reflecting the substantial, and often adverse, publicity given to its building in the late 20th century. In December 2001, it was announced that Meridian Delta, Ltd. It is also hoped to relocate some of London’s tertiary education establishments to the site. UK governmental body for national regeneration which was assigned the regeneration of the Greenwich Peninsula. Meridian Delta, for a minimum of 58 years.
English Partnerships leased the arena directly to AEG Europe for 58 years. AEG would develop and operate The O2 during the length of the lease agreements. The lease agreements were made in the agreement that the government would get a certain percentage of profits through English Partnerships. English Partnerships and Quintain Estates and Development both own land around The O2 on the Greenwich Peninsula. They will release land in stages, to developers, and develop the area in a joint venture with the aid of Meridian Delta. Some of the land is already being developed for offices and shops. Chislehurst, moved to a new campus built immediately adjacent to The O2 in September 2010.
The cost of developing the whole Greenwich Peninsula area was estimated at 4 billion pounds in 2006. The O2′ became the official name of the project on 25 May 2005. 6 million a year deal between O2 plc and AEG also included priority tickets and reserved VIP accommodation for O2 mobile customers. The service was also made available to premium ticket holders. O2 plc started talks with AEG in 2005 to have its logo and branding placed on the roof of the dome, but this has not yet been confirmed. The Dome’ due to its bad reputation as a failed project, being tagged as ‘The White Elephant. Since its opening, there have been signs of the press and public calling it The O2.