The new London Legacy Development Corporation officially took hold of the London 2012 legacy baton today.
The development corporation takes over the work of the Olympic Park Legacy Company as well as taking on regeneration responsibilities for a wider area in East London.
Planning powers for the Olympic Park and surrounding area will transfer from the Olympic Delivery Authority and LTGDC in October 2012.
The OPLC's staff have transferred over, as have staff and projects from the London Thames Gateway Development Corporation.
The members of the new 17-strong board have been announced. Baroness Margaret Ford remains as chair for now, although she has already announced her plan to step down later this year.
Andrew Altman keeps the role of chief executive that he held at the OPLC.
Over the course of 2012, the London Legacy Development Corporation's work will include:
• 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 centre and broadcast centre
• Confirm the additional uses for the Olympic stadium
• Launch a bidding process for events and attractions on the park
• Appoint a developer for the first new neighbourhood - Chobham Manor
• Secure the planning application for five new park neighbourhoods
• Begin work on the post Games transformation phase of the park called 'Clear, Connect and Complete'