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<p>The London Legacy Development Corporation, the body responsible for the regeneration
of Queen Elizabeth Olympic Park and surrounding area following the London 2012 Games,
owns the assets on the Park and is responsible for their disposal.</p><p> </p><p>To
date the Legacy Corporation has entered into agreements for the development of three
housing neighbourhoods on the Park – Chobham Manor, East Wick and Sweetwater – for
which it has so far received £49 million in deposits and land receipts.</p><p> </p><p>In
addition the Olympic Park Legacy Company, the Legacy Corporation's predecessor, sold
land at Sugar House Lane near to the Park for £19.5m in 2011.</p><p> </p><p> </p><p>
</p><p>Total revenue to date is, therefore, £68.5 million.</p><p> </p><p>Future receipts
will be generated as the housing sites under construction are built out and agreements
are entered into for the development of additional housing sites at Stratford Waterfront,
Pudding Mill and Rick Roberts Way.</p><p> </p><p>The Legacy Corporation granted a
long-term lease in 2014 for the site of the former Press and Broadcast Centre, Here
East, and long-term leases will be let to the institutions involved in the planned
culture and education district (East Bank) located on the south of the Park.</p>
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