http://touch.latimes.com/#section/1780/article/p2p-84306300/


The city analysts' review paid special attention to plans for an Olympic Village near the Los Angeles River.

The village would be located on railroad land and is envisioned to include a mix of housing, services and amenities for 17,000 athletes.

However, the analysts reported that officials representing the owner of the land, Union Pacific, indicated they "currently have no plans or desire to vacate the site."

Buying, preparing and developing the land and relocating railroad operations could cost substantially more than the bid proposal's $1-billion estimate, the city analysts wrote.