[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Monday, 21 November 2005, 12:09 GMT
Deal settles 2012 site land row
Aerial view of Stratford City
Work on the first phase of Stratford City can now continue
A row between London mayor Ken Livingstone and developers over the land earmarked for the 2012 Olympic Games has been settled.

He had been accused of threatening a neighbouring regeneration project - the 4bn Stratford City scheme - by issuing a compulsory purchase order (CPO).

But a deal has been struck leaving the land as it is, but guaranteeing access to the Olympic Village site.

It means the first major obstacle to planning the Olympics has been removed.

The mayor's London Development Agency (LDA) had threatened the compulsory purchase of land next to the proposed Olympic Village site - land already earmarked as a new housing and commercial area for Stratford.

'Excellent news'

London and Continental Railways (LCR), which owns some of the site, had said the order could "kill off" Stratford City - a major regeneration project in itself.

But on Tuesday, the mayor announced that an agreement had been reached adding: "This is excellent news which gives us the certainty we need to stick to the timetable and deliver a landmark Games in 2012".

A CPO has been issued on land in the Lower Lea Valley, but the mayor said it did not include the interests of the Stratford City developers.

Instead, an agreement relating to Zone One - the first phase of the massive Stratford City development - has included safeguards which will allow the 2012 work to continue.

Stephen Jordan, from London and Continental Stations and property, said he was relieved the deal had been reached.

"The Stratford City Development Partnership can now get on and deliver Stratford City with its homes, jobs and shops," he said.

The LDA is still negotiating with other landowners in the Olympic Park area.




SEE ALSO:



PRODUCTS AND SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific