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London Olympics Organizers Confirm Costs

Officials for the 2012 London Olympics have announced the costs and confirmed the builders for the Olympic Stadium and aquatic center.

The Olympic Delivery Authority (ODA) said Tuesday the 80,000 - seat Olympic Stadium will cost about $976 million and will be built by a consortium including HOK Sport, Buro Happold and Robert Alpine.

The price includes the cost of converting the stadium to a 25,000 seat multiple-use venue after the Olympics.

Meanwhile, the Aquatics Center and land bridge that will be a main gateway into the Olympic Park will cost some $476 million. The venue, which will be built by Balfour Beatty, will seat 2,500 people when it is reconfigured after the Games.

Some information for this report was provided by AP.