There has been a very encouraging response from the private sector with 19 interested parties having drawn tender documents to operate the stadium. They have until 10 July 2007 to submit their business plans.

Several of the interested parties requested an extension of the original deadline to enable them to submit comprehensive business plans.

The stadium operator would have to manage the multi-purpose 55 000 seater (68 000 for 2010 World Cup after which 13 000 will be removed) stadium post 2010 as well as the surrounding Green Point Common urban park. It will consist of a sport and recreation precinct and a network of pedestrian walkways. A serires of public meetings across Cape Town's metropolitan area to consult on the proposed redevelopment of the Green Point Common have just been completed.

Two reports on the sustainability of the stadium by Price Waterhouse Coopers and Grant Thronton confirms its financial viability. National government will contribute R1,93 billion, the Provincial Government of the Western Cape R212 million and the City of Cape Town R400 million plus a contingency provision of R100 million. On this basis, the stadium will be debt-free.

The stadium is deemed to be viable on the basis of the present zoning of community facilities use zone which would permit major sports, events, concerts and associated commercial activity.

Investec, a private financial institution, has calculated the net discounted present value of the income potential of the stadium at R260 million. On the basis of their analysis Investec were able to give the City the written assurance that the minimum income stream that the City could depend on from a future operator of the stadium was R185 million.