The Olympic Stadium

MQT on 2017-12-14
Session date: 
December 14, 2017
Question By: 
Peter Whittle
Asked Of: 
The Mayor


Given your decision on 1 December 2017 for the GLA to take over the running of the Olympic Stadium, in the wake of the 169-page report by forensic accountants Moore Stephens, what future do you see for the London Legacy Development Corporation?


Answer for The Olympic Stadium

Answer for The Olympic Stadium

Answered By: 
The Mayor

The London Legacy Development Corporation (LLDC) has undertaken a huge amount of work to deliver homes and jobs and the creation of a brand-new park for east London.  Alongside the four local boroughs, it is leading the successful regeneration of one of the poorest parts of the capital.

In the medium Term, the LLDC is continuing to work hard to ensure the long-term legacy for Queen Elizabeth Olympic Park and the wider east London, including delivery of a major cultural and education district.

I am clear that LLDC, as a Mayoral Development Corporation, has a time‑limited role that should not be unnecessarily prolonged. Equally, we should not rush to remove powers prematurely when there is still work that can be best done by a single body, such as a development corporation.  We need to identify both the best model to succeed LLDC and decide when and how the transition should occur.  It is important for me that we work closely with the four local boroughs as we identify and evaluate the options available.