They didn't say they are going to bid on it, they said that they are going to think about it.
Hopefully the answer is no.
We've tried twice and failed each time. In the past, I was all for it. But now, I'm against the Olympics. Too much money spent and for what? 2 weeks? It's nuts. I'd rather see them spend the money bulding a new north / south subway line. Hell, an entire subway network.