The LLDC has assumed all responsibilities of the former OPLC and it is also responsible for wider regeneration responsibilities across east London.
The LLDC is a Mayoral Development Corporation and has greater powers over the Queen Elizabeth Olympic Park and the wider area, which includes control of planning and development. The LLDC is directly accountable to Londoners through the Mayor.
All staff projects have been transferred from the OPLC and the London Thames Gateway Development Corporation to the LLDC. It is intended that Aall planning powers for the Olympic Park and surrounding area will also transfer from the Olympic Delivery Authority and LTGDC in October 2012.
Chaired by Baroness Margaret Ford, the 17 new board members of the LLDC were announced by the Mayor of London last week and they had their first board meeting on Monday 2nd April.
Baroness Margaret Ford will chair the LLDC until she steps down at the end of October 2012. She has overseen the transition from the OPLC and will also be responsible for completing some outstanding goals of the OPLC, such as securing tenants for some remaining Olympic venues.
The OPLC worked on delivering the Olympic legacy pledges that were made in the London 2012 bid. Its main work has been to ensure the long term physical legacy, including the planning, development, management and maintenance of the Olympic Park and its facilities after the London 2012 Games.
The OPLC secured land and restructured the debt, developed a masterplan and prepared and submitted planning applications for the Park, which includes five new neighbourhoods and 7,000 homes.
In the forthcoming months the LLDC is expected to announce plans for the opening of the Queen Elizabeth Olympic Park, publish a sustainability strategy for the park, announce an anchor tenant for the press and broadcast centres and confirm additional uses for the Olympic stadium.
It has also been tasked with launching a bidding process for events and attractions onat the Park site and to appoint a developer for the first new neighbourhood - Chobham Manor. It will also try to secure permission for the planning application for five new Park neighbourhoods and begin work on the post-Games transformation phase of the park called 'Clear, Connect and Complete'.
