It is 100 days to go until the Olympic Games and an important development has occurred in the biggest commercial property opportunity that the Olympic Park has to offer.
There are now just two runners left in the race to become the long term tenant of the 1m sq ft media and broadcast centre.
The Decathlon and Loughborough University-backed Oxylane Group has pulled up on the final bend and withdrawn from the race.
With final bids due in on Wednesday, the withdrawal leaves the UK Fashion Hub and iCITY to go head to head on the final straight.
It is understood however, that elements of the Oxylane bid may now look to team up with one of the two remaining bids.
Right from the start of the race to find a legacy tenant Loughborough University, for instance, has targeted the media centre for a 90,000 sq ft postgraduate sports research facility.
iCITY meanwhile announced this week that it has appointed a chief executive ahead of the deadline for bids next week.
Gavin Poole, former executive director for Westminster think tank The Centre for Social Justice has taken over the role of running the technology-backed bid for the media centre.
But that is not the only legacy news coming out of the Olympic Park this week.
The London Legacy Development Corporation, as it is now called, has announced it has received planning permission to fit the 376 ft ArcelorMittal Orbit with 250 colour spot lights.
The lights will beam up into the sky every night until midnight with 15 minute moving light shows held each evening and special effects used during major events at the park in the future.
The lights will be tested over the next two weeks between 8pm and 11pm.