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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>To date the
Legacy Corporation has entered into development agreements for three housing neighbourhoods
on the Park - Chobham Manor, East Wick and Sweetwater - for which it has so far received
£38 million in deposits and land receipts.</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>Total revenue to date is, therefore, £57.5 million.</p><p>Future
receipts will be generated as the housing sites under construction are built out and
development agreements are entered into for additional housing sites at Stratford
Waterfront, Pudding Mill and Rick Roberts Way.</p><p>The Legacy Corporation has also
entered into a long-term lease for the new business district being developed on 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
on south of the Park.</p>
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