A public body is to be set up to drive the regeneration legacy of the Olympic Games, the London Development Agency (LDA) confirmed this week.
Tom Russell, group director of Olympic Legacy, said it was too early to say whether it would require land-holding or planning powers.
Meanwhile, uncertainty reigns over when land is likely to be sold off after the Games. Andrew Travers, LDA finance director, said it could take until 2031 to sell off Olympic Park land, while Tessa Jowell, the Olympics Minister, said the selling-off period would be 10 years.
The LDA also confirmed this week that it had paired a consortium of architects, EDAW and Allies and Morrison, with Dutch masterplanner KCAP to develop the legacy masterplan, as revealed by Building last week.