Plans to create a Mayoral Development Corporation to maximise the regeneration legacy from the 2012 Games in east London have been published for consultation by the Mayor Boris Johnson.
The Mayor has proposed that the Olympic Park Legacy Company (OPLC) will be reformed as a Mayoral Development Corporation (MDC), which would incorporate the assets and responsibilities of the existing OPLC, as well as some of the work of other existing regeneration agencies in the area. With greater powers, including planning powers, and working over a wider area that covered by the existing OPLC, the Mayor believes that the new Corporation would boost the effectiveness of the Legacy Company, help make the very most of Games-related investment and, most importantly, ensure that the success of the Olympic Park will permeate into all the surrounding communities and beyond.
The MDC would commence the majority of its functions on 1 April 2012, and take over as local planning authority in October 2012. The Mayor's proposals include a commitment that the MDC would work very closely with the four London boroughs covered by its proposed boundary.
The Mayor of London, Boris Johnson, said: “The Olympic Park and surrounding area is London’s single most important regeneration project over the next 25 years, and it is right and proper that the body responsible for its future should be accountable to Londoners. The Olympic Park Legacy Company has already built up a great head of steam in planning for the future success of the park, and in finding partners who want to invest in that success. Enhancing the Legacy Company’s powers in this way will help us make the most of that early momentum and realise the fantastic potential of the Games."
Notes to editors:
1. Proposals allowing the Mayor to designate ‘Mayoral development areas’ and create Mayoral development corporations (MDCs) are part of the Government’s Localism Bill. The Bill proposed to give MDCs powers similar to those currently held by Urban Development Corporations relating to: infrastructure; regeneration, development and other land-related activities; acquisition of land, including by compulsory purchase; streets; the creation of businesses, subsidiaries and other companies; and offering financial assistance. The Mayor can also decide that an MDC should take over the responsibilities of the local planning authority for its area, and should have the power to grant relief from business rates.
2. The Mayor will only be able to create the proposed MDC if and when the Localism Bill becomes law, and his final proposals will need to reflect any changes that are made to the relevant parts of the Bill during its passage through Parliament.
3. The Mayor is proposing a boundary for the Olympic Park Legacy Corporation which includes both the Olympic Park and Games facilities, and those surrounding areas (a) the success of which is directly interdependent with the success of the Olympic Park and (b) which have significant potential for regeneration and growth. A proposed a boundary would include the following areas:
- The core Olympic Park, comprising land owned by the Olympic Park Legacy Company and the Lee Valley Regional Park Authority, including Eton Manor
- The Olympic Village and associated development sites owned by the Olympic Delivery Authority and London & Continental Railways Ltd.
- The Stratford City development site, including the Westfield Shopping Centre and Chobham Farm
- Hackney Wick and Fish Island
- Bromley-by-Bow North (with a southern boundary at the District Line)
- Sugarhouse Lane
- Three Mills and Mill Meads
- Carpenters Estate
4. While Stratford Town Centre meets criteria for inclusion in the Corporation’s boundary, the Mayor does not propose to include it in the boundary, because the Mayor does not wish to disrupt the existing arrangements put in place by the London Borough of Newham and its partners for regeneration in the town centre.
5. The Mayor is inviting written responses to the consultation, which will conclude on 28 April 2011. More information about the consultation, including information on how to respond, is available at www.london.gov.uk/mdcconsultation.