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Responsibility for Olympic Park regeneration will be handed to a newly created body from April 1.
Mayor of London Boris Johnson announced his decision to introduce the London Legacy Development Corporation as part of his Mayoral Development Corporation to continue the work of the Olympic Park Legacy Company.

A race between two men, which saw cars reach 78mph in a 40mph zone along Aspen Way, left an Aston Martin Vantage an unrecognisable wreck after it crashed into a concrete wall.
Both men miraculously escaped unhurt in the incident and on Thursday avoided a spell in prison as well after being given suspended sentences.
A pair of east Londoners who planned to plant bombs in the London Stock Exchange were jailed for terrorism offences at Woolwich Crown Court on Thursday.
Muslim extremists Mohammed Chowdhury, 22, of Tower Hamlets and Shah Rahman, 28, from Newham were sentenced after pleading guilty to the charges last week.

Police have released CCTV pictures of a man wanted for a "vicious and unprovoked assault" on an Australian man near Westferry DLR.
The suspect, who is Asian and aged around 20 to 25 years old, left his victim with fractures to his skull and a broken nose, as well as broken ribs and fingers.
The King's Troop Royal Artillery was welcomed to its new Woolwich home yesterday with a special covenant cementing the borough's support for the armed forces.
Members of Greenwich council, local dignitaries and senior military officers signed a voluntary statement at Napier Lines, the purpose built equestrian centre at Woolwich Garrison on Repository Road.
Shoppers at Westfield Stratford City will have the chance to try their hand at making some of Jamie Oliver's signature dishes this Saturday (February 11).
Jamie's Ministry of Food will be running demonstrations and masterclasses revealing the celebrity chef's tips and tricks.

Breakdowns on the Tube could be attended to in half the time if a trial which involves putting engineers on emergency response vehicles proves to be a success.
The joint initiative between British Transport Police, London Underground and Transport for London was launched at Canary Wharf on Thursday morning.
All over the country, libraries are fighting a rearguard action against the cuts. Dozens in the capital are facing the axe and MPs are investigating whether this cull contravenes the 1964 Libraries and Museums Act.
All this drama and conflict seems far away in the studied oasis that is the dramatic and capacious Canada Water library.

Swiss International Air Lines has announced it is expanding its City Airport operations by launching a route to Basel.
The carrier, which already flies from Docklands to Zurich and Geneva, said it is introducing the new flights in response to demand from passengers for more air links with Switzerland.
Lembit Opik has become a YouTube sensation after starring in a pop video filmed in Greenwich.
The short film which shows the former Liberal Democrat MP turned stand up comedian on a rooftop miming to the unsigned band's song against the backdrop of Canary Wharf has received almost 30,000 hits.












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