Treasury group expected to resume Dome talks

Legacy, the company backed by Dublin's Treasury Holdings, were today expected to resume talks with British government ministers…

Legacy, the company backed by Dublin's Treasury Holdings, were today expected to resume talks with British government ministers over its £125 million bid for the Millennium Dome.

Although the British government has declined to provide details, it is thought that Deputy Prime Minister Mr John Prescott will lead talks with ministers - after days of growing speculation that the proposed deal could be about to collapse.

Yesterday, Dome Minister Lord Falconer and advisers spent several hours locked in talks with Legacy chief Robert Bourne at the London offices of Legacy advisers.

At one point a Legacy spokesman said the meeting had been "very positive" - but there was no definitive assessment of how talks had gone after they finished.

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A spokeswoman for Lord Falconer's Cabinet Office would say only in general terms that "negotiations are ongoing", insisting that it would not be commenting on every meeting that took place.

Legacy has been given "preferred bidder" status, giving it, for the time being, exclusive bargaining rights.

Property entrepreneur Mr Bourne has plans to turn the Dome into a "mini city" for hi-tech businesses, creating 14,000 jobs in three years.

Earlier this week, however, the consortium was obliged to state that its bid stayed on track and to dismiss claims that the deal for the Dome was near to collapse, insisting it would be finalised on schedule by February 14th.

Reports had suggested that the group had failed to tie up any concrete deals to let space inside the structure in Greenwich, London.

PA