Olympic Legacy boss to stand down after Games

Baroness Ford has revealed she will resign from her role of securing the economic future of the Olympic Park after the Games are over.

She is due to become the interim chair of the London Legacy Development Corporation (LLDC), which will be formed in the run-up to the Games, but will stand down after London 2012 has finished.

Baroness Ford, who currently serves as the chair of the Olympic Park Legacy Company (OPLC) said: “The next phase of the legacy work, including major transformation plans to the Park, are critical and will require a great deal of attention.

“I have decided therefore that I cannot continue to give the substantial time required for the role, so after the Games would seem a natural point to make the change.”

The LLDC will come into force at the start of April, when the OPLC will become a Mayoral Development Corporation. This body will have more powers over the future of the Queen Elizabeth Olympic Park in Stratford, east London, along with planning and development control in the wider area.

Baroness Ford continued: “It has been an absolute privilege to work with such a supportive mayor and ministers, and extremely talented board and staff members.

“Together we have set down strong foundations for the future Queen Elizabeth Olympic Park and a major driver of the significant regeneration of this part of east London.

“But for now it is business as usual and I look forward to continuing to work over the next six months on the further challenges that lie ahead.”

In her role as LLDC interim chair, Baroness Ford will be tasked with overseeing the transition of the two regeneration bodies and will need to find tenants for the Park’s venues.

The LLDC will continue the work of the OPLC, while it will also manage some of the responsibilities and assets of local regeneration agencies, including the Thames Gateway Development Corporation.

Mayor of London Boris Johnson said: “I am grateful for Margaret’s huge contribution over the last three years planning and delivering a solid 2012 legacy and delighted she will oversee this important work until after the Games as well as setting the new Legacy Corporation on a firm footing.

“We have an extraordinarily exciting period ahead. Building on the momentum already created by the Legacy Company we are on track to grasp this unique opportunity and harness the Olympic legacy of new jobs, new homes and new communities which Londoners will benefit from for years to come.”

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