Bidding opens on post-Olympics housing project

U.K. authorities have opened the bidding process to create the first neighborhood at the site of the 2012 London Olympics.

The Olympic Park Legacy Company says the development, which will be called Chobham Manor, will include about 800 homes near the sparkling new velodrome. It will also be near the Olympic athletes village, which will be converted into 2,800 apartments after the games.

Andrew Altman, the chief executive, says the company is seeking a developer that will create a family neighborhood including houses with gardens, a health center, shops and a school.

Developers have until December to register interest.

The 2012 London Olympics begin July 27 and end Aug. 12.