An artist's impression of the Olympic Park site in legacyThe LDA applied for the Compulsory Purchase Order powers to ensure that work on the Park can start on schedule, in July 2007.
The LDA currently owns 93% of the land and will continue negotiate with remaining the businesses to reach relocation agreements.
Sebastian Coe said: "Today's announcement is significant. The Olympic Park is the jewel in the crown of our Games in 2012. It will host Olympic and Paralympic sports and deliver in legacy exceptional sporting facilities for communities across London and the UK to enjoy for generations to come.
"2007 will be an exciting year as we we begin to see the Olympic Park come to life and the venues start to take shape on paper."
Ken Livingstone, Mayor of London, said: "The London Development Agency has done an excellent job in securing the land for the 2012 Games.
"This land will be the cornerstone of our Olympic legacy, to transform some of the most deprived areas of London, leaving behind a legacy of much needed new homes, new jobs, rejuvenated park land and sporting facilities that will benefit generations to come."
19 December 2006
