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Olympic Development Corporation to be created
The Olympic Park Legacy Company (OPLC) is to be reformed as a Mayoral Development Company (MDC) after the plans received the unanimous backing of the London Assembly.
London mayor Boris Johnson has put forward the proposals, which will now go forward to Parliament. The MDC will oversee all post-Games development of the Olympic Park site.
Areas to be covered in the mayoral development area include the core Olympic Park, which includes land owned by the OPLC and the Lee Valley Regional Park Authority.
The Olympic Village, and associated development sites owned by London and Continental, Railways will also be covered by the MDC, as well as the Stratford City development site.
London Assembly deputy chair Dee Doocey said: "The assembly has always believed that the most important benefit of hosting the 2012 Games is the opportunity to revitalise the East End.
"The creation of a Mayoral Development Corporation sets a clear structure to deliver that regeneration and places responsibility for it firmly in the hands of the mayor."
Details: www.london.gov.uk
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