Boris finally lands his 2012 Olympics legacy deal 5 months late
BORIS Johnson has finally landed his Legacy’ deal with the Government to take over the 2012 Olympics site in East London. The Mayor has secured the take-over from the London Development Agency, five months after the original hand-over date
BORIS Johnson has finally landed his Legacy’ deal with the Government to take over the 2012 Olympics site in East London.
The Mayor has secured the take-over from the London Development Agency today (March 16), five months after the original hand-over date.
The delay cost the Development Agency an extra �12 million and raised questions at the London Assembly last week.
The deal follows complex negotiations to transfer the massive construction site between Stratford and Hackney Wick to the Olympic Park Legacy Company which is to be responsible for securing the future of the site.
It was announced by Boris to an audience of investors at an international property conference lunch in Cannes hosted by the Legacy Company to promote investment in East London after 2012.
“This has been a long and complex negotiation,” he told them. “But we have now reached agreement with the Government. This is a good deal for London, an equal partnership between the Mayor and Government.”
- 1 Jailed: 8 east London offenders put behind bars in June
- 2 Police officer sacked for 'turning blind eye’ to criminal husband
- 3 Former Tower Hamlets councillor publishes autobiography on life as a hijabi woman
- 4 Bow Lock murder defendants blame each other for fatal attack
- 5 Three stabbed in Chrisp Street chicken shop
- 6 Woman treated at scene as 40 firefighters called to Bow tower block
- 7 8 charged after drugs raids in Hackney and Tower Hamlets
- 8 Census 2021 indicates baby boom in one east London borough
- 9 Man accused of Yasmin Begum killing denies murder and burglary
- 10 Latest data shows Covid admissions rising again at east London hospitals
The transfer to the Legacy Company made “a bright future for East London” after 2012.
Investors had told the Mayor they needed a single go to’ person and organisation with total responsibility and accountability.