Olympic bosses are expecting to earn just 124 million pounds from the London 2012 assets in a shock forecast that comes a year after British Prime Minister David Cameron predicted a 13 billion pound windfall for the economy.
According to the Daily Star, accounts released by the London Legacy Development Corporation show the Olympic Park cost 1.124 billion pounds to build.
In addition, the accounts, by Ernst and Young, show a string of Olympic facilities will take up to two centuries to realise their potential net income, the report said.
A London Legacy Development Corporation spokesman recently said that east London had been transformed by the Games.