London 2012 Media Center Future Not Certain

According to the Financial Times, advisers to London Mayor Boris Johnson are “examining the costs” of tearing down the Olympic international broadcast center after the games, threatening British PM David Cameron’s dreams of an east London “Tech City.”

The broadcast center cost £295M ($463M). The move comes amid a “tender competition between consortiums bidding to take over the whole media complex on a 99-year lease.”

A London Assembly report warned in ’10 that the complex “would have to be adapted” for use after the Games, and “a public contribution may be required.” At least one bidder has indicated it is “willing to absorb the conversion costs privately.” However, that may “affect the amount bidders are willing to pay” to lease the building