Responding to the claims of MPs in a post-Games review, the London Legacy Development Corporation said it will not jeopardise the "long-term legacy" of the Olympic Park by rushing to repay its debts.
– LLDC chief executive Dennis Hone
We have to look at the longer term impact and to balance that with our obligations not just to the Lottery but also to the Greater London Authority in terms of receipts going back.
While there is a drive to maximise receipts and get the taxpayers' money back, no one would want us to act as some kind of rapacious developer at the risk of jeopardising the long-term legacy of the Park.
It is a balance and we have to work that through over the coming months.
Also responding to the Public Accounts Committee's review, the Culture department said there are "many lessons learned" from London 2012 which the Government was "sharing for future projects".
– Culture department spokesman
The Government is committed to delivering a tangible, lasting legacy from the Games and work is well under way on this.
We have been crystal clear that the lottery has an entitlement to receive £675 million from land sales from the Olympic Park, that is bound by a legal agreement between the Government and Mayor of London. We will respond to the PAC report in full in due course.