Olympic Media Centre Revisons

Speculation is rife amoungst the media world as it is thought that The Olympic Delivery Authority is to revise plans for the £400m Olympic media centre after it emerged that the original design could run up to £90m over budget.

The media centre is the latest venue to hit budget problems. Cost overruns have already occurred at the Olympic stadium and Zaha Hadid’s aquatics centre, which will cost £303m rather than £77m.

A source close to the media centre said contractor Carillion, regeneration developer Igloo and the ODA were involved in “intensive technical work to value-engineer the cost of the building”. The source added: “If it were built as envisaged, it could be about £80-90m over.”

The revisions could mean that parts of the building, which is to hold 20,000 journalists, become temporary structures.A spokesperson for the ODA on the media centre said: “This is speculation. We’re going through standard design processes on the media centre as we have with all venues. It has always been the intention that there would be some temporary elements and the exact nature of this is currently being finalised.”