Talks are being held to see if the giant television in Leicester city centre can be off-loaded to another council.
Leicester City Council officials have already decided to take down the big screen in Humberstone Gate to save about £45,000 a year.
It was due to be dismantled at Easter, after being used in the Christ in the Centre production, but several months on, the 10-metre tall structure is still playing BBC content on a loop.
The city council says it has not taken the screen down because another organisation has expressed an interest in taking the television off its hands.
The £500,000 television was donated to the city by Olympic organisers in 2009, to show major sporting and civic events, but to mainly cover last summer's London games.
City mayor Sir Peter Soulsby has described it as "irritating" and has said he does not think many people watch it any more.
He told the Leicester Mercury: "We have had some interest from another authority which would like to take it off us. That is a better option than just throwing it away.
"If we can reach agreement with them, they can take it off us."
Sir Peter said it would be unfair to name the interested council because it has not publicly said that it wants the screen.
He said the city council's contract for the screen ran until October and, if no deal had been done by then, the screen would come down.
He said: "We could switch it off now. We would save the electricity bill but, in the big scheme of things, we might as well get some use out of it while we have it."
The screen has previously been used to show opera performances, but the council decided not to use it to broadcast England football matches in last year's European Championships, as it had done in the 2010 World Cup.
It cited the extra cost of security and streaming the matches live.
Jamie Cross, 23, from Belgrave, said: "I was going to say it's a bit like Marmite – you either love it or hate it – but I don't know anyone who likes it and if you stop and watch people near it, they mostly ignore it.
"I wouldn't mind if it was turned off today."
Alice Lunn, 26, from Stoneygate, said: "I watched it a bit when the Games were on but now it's just a noise that competes with the nearby traffic as far as I'm concerned.
"If someone else really wants it though, then that has to be better than scrapping it, especially if it is worth a lot of money."
