New York's bid for 2012 games in peril

LONDON -- With New York's Olympic stadium rejected, the IOC authorized the city's bid officials Thursday to come up with an alternative plan before the vote next month that will decide the site of the 2012 games.

New York has been considering its options following Monday's rejection of the proposed $2 billion stadium on Manhattan, the centerpiece of its Olympic bid.

The International Olympic Committee notified New York bid officials that they could modify the plan -- but that any changes would need approval of the IOC executive board before the vote in Singapore on July 6.

New York is competing against Paris, London, Madrid and Moscow in the highest-profile Olympic bid race in history.