WHAT happens to the buildings being created for the 2012 Olympics in East London should be resolved by the end of the year, a Commons committee looking into their use after the Games has heard

WHAT happens to the buildings being created for the 2012 Olympics in East London should be resolved by the end of the year, a Commons committee looking into their use after the Games has heard.

One example cited is what use is to be made of the main stadium.

No decision had yet been taken about Premier League West Ham FC moving in afterwards, the Legacy Company’s chair Baroness Ford told the Culture, Media and Sport committee.

“This is a �540 million public asset,” she told MPs yesterday. “It goes without saying we are not going to have some conversation off stage left’ and someone is going to take over the stadium.

“It has to be a publicly-managed process to demonstrate value for money.’

“We are hoping we get to an agreed position by the end of the year. We must do it this year because it cannot be left to just drag on.”

A university had also shown interest in taking space at the international media centre being built at Hackney Wick half-a-mile away. Discussions continue about dividing up space into smaller areas after the Games for other users.

Another Olympics venue, the Aquatics water sports centre would be expensive to maintain afterwards, the committee heard. But London Mayor Boris Johnson promised there would be cash to help running costs of some venues.

Meanwhile, concerns about delays in switching the site to legacy mode’ have been raised at City Hall this week where the London Assembly is running a public investigation into the costs of setting up the legacy company.

An extra �12.5m has had to be budgeted by the London Development Agency to fill the gap caused by the delay. The agency was due to hand over the massive site on October 31, but there is still no agreement four months on.