Olympic Legacy 2

Meeting: 
MQT on 2009-11-18
Session date: 
November 18, 2009
Reference: 
2009/3407
Question By: 
John Biggs
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

An East London newspaper reported, 'Mr (Andrew) Altman (Director of Olympic Park Legacy Company) set out a five-year plan for the development of the park between 2014 and 2019. He said there would be almost 5,000 new homes by 2019, with 2,000 riverside apartments overlooking the stadium in addition to the 2,800 units in the athletes' village. Businesses would have moved into the media centre and waterways would be open to the public.' Is this all still achievable?

Answer

Answer for Olympic Legacy 2

Answer for Olympic Legacy 2

Answered By: 
The Mayor

The Olympic Park Legacy Company is currently working to develop a sound and coherent business plan which focused on the phased delivery of all elements which will make up the long term development of the Park. The business plan takes account of both the fiscal environment and the commercial property cycle over the next decade. By the time the Company reaches the development phase between 2014 and 2019 it is expected that the property cycle will be on the increase and investment and development activity will coincide with this upward trend. The Company's corporate business plan will be ready in April 2010.