But Hone has confirmed that the Stadium will not reopen until August 2015 at the earliest, and possibly not until August 2016 if West Ham is selected due to the construction work that will be necessary to reconfigure the venue.
The length of time to reopen the venue has been caused partly by the delay to naming a tenant but Hone told the London Assembly here that it is imperative the LLDC makes the right decision on the future tenant to ensure the Olympic Stadium does not become a white elephant.
"We are currently going through the four bids that we have for the Olympic Stadium and we are now reaching the end of that process," Hone said.
"We need to make a decision on which of the four, if any, will provide the best long-term option and the best value for money.
"But it is important to remember that this is a 100-year lease we are talking about with the Stadium so we have to get it right.
"We don't want to look back in three or five years at a decision we regret.
"So if this process takes a few months longer than it is scheduled to take, so be it.
"If we are looking at 100 years, a few months will not make a big difference.
"We are looking carefully at reconfiguring the Stadium but we can't really do anything on that until we know who the tenant is and I don't want to speculate.
"Each bidder has a requirement of the LLDC for converting the Stadium so there will be costs.
"But I cannot say what they will be until we know exactly what we are doing, and the cost will depend on the tenant.
"We obviously have a commitment to athletics with the 2017 World Athletics Championships and a long-term commitment to UK Athletics.
"But we are also talking to operators for the Stadium to bring in other events around the permanent tenant.
"The operator will be responsible for making sure that there are events in the Stadium all year round so that will be a crucial role.
"But the most important thing here is that we get all of this right however long it all takes."
Hone's comments did not go down well with London Assembly, who expressed their anger at the delay.
"It's disappointing to hear of more delay to the Olympic Stadium legacy," said the London Assembly budget and performance committee chairman John Biggs.
"Regardless of who gets the stadium, a huge amount of work will need to be done before it can reopen to the public.
"Over the next three or four years, the LLDC will have to face that extra cost while coping with lost rent and lower visitor numbers on the Olympic Park.
"In the longer-term, questions remain about who will pay for improvements to the Park and whether the LLDC has access to the kind of sums needed to pay for new infrastructure – like schools and health centres - without raiding the public purse."
Contact the writer of this story at [email protected]
October 2012: West Ham must wait over Olympic Stadium move
October 2012: Olympic Stadium shortlisted for England 2015 Rugby World Cup
September 2012: England World Cup hero backs West Ham move to Olympic Stadium
August 2012: Pascoe "nervous" about unresolved issues surrounding Olympic Stadium's future
August 2012: Ecclestone against Olympic Park hosting Formula One Grand Prix after London 2012