London Assembly backs creation of Mayoral Development Corporation to take on Olympic Park legacy
The London Assembly has thrown its support behind the Mayor of London’s plan to establish a new mayoral development corporation to take forward the development of the Olympic Park after the Games.
The proposal by the Mayor of London, Boris Johnson, will see the Olympic Park Legacy Company reformed as a Mayoral Development Corporation (MDC) with responsibility for the post-Games development of the site.
The corporation will have responsibilities that include planning decisions within its boundaries.
The London Assembly gave unanimous backing to the plan.
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 of London.
“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.”
Doocey added that the Assembly was determined to ensure that the MBC “operates in an open and transparent fashion that enables local people within its boundaries to have a substantial input into the future of their neighbourhoods.”
The plans will now go forward to parliament for the formal establishment of the MDC.