The coalition Government also agreed to clear any debt related to the Olympic Park in an overall £438 million deal.
This confirmation will allow the search for tenants of the Olympic Park, its stadia and amenities to commence in earnest.
Margaret Ford, chair of OPLC said: “The Board of the Olympic Park Legacy Company is delighted with the announcement by the Government regarding the resolution of the land and debt issue.”
She added: “This affirms their strong commitment to legacy and allows us to carry on building the momentum we have been driving over the past year.”
What would you like the Olympic Park to be used for after the London 2012 Olympic Games?