British government officials will tell the national athletics governing body UK Athletics later today whether the new stadium proposed for the 2005 world championships is to go ahead.
Peter Warren, the marketing director for the local authority at Picketts Lock in north London, said today a meeting had been convened for 12:30 p.m. to discuss a report prepared by British businessman Patrick Carter.
"All the parties have been called to a meeting at lunchtime and the government will tell us then what their final decision is," Warren said.
"We have heard nothing official yet but we will then know what the outcome of Carter's report is. We will just have to see what they say."
The International Association of Athletics Federations confirmed this week that Britain would lose the championships if they could not be staged in London.
The championships are the third biggest sporting event in the world after the Olympic Games and soccer World Cup.
If they are taken from Britain it would adversely affect any future British bid for an Olympic Games or World Cup. Britain is considering making a bid for the 2012 Summer Olympics. The decision on the venue will be made in 2005, just months after the world championships take place