Mayor of London Boris Johnson has announced further plans to attract business to offices in London.
Along with Olympics minister Tessa Jowell and communities secretary Hazel Blears, he revealed the London Development Agency’s (LDA) vision for the next phase of Olympic development plans.
"One of my main concerns was always the lack of a clear vision for the legacy that would be left for east London from the huge investment we were making in staging the Olympic and Paralympic Games," Mr Johnson said.
New plans for the Olympic Park include 10,000 new homes, three new primary schools and a secondary school.
The proposed development would bring a further 10,000 jobs, with the creation of a new hub around the media and broadcast centre in Hackney Wick.
There will also be a world class University nearby. Ms Jowell noted: "Today marks major progress in the lasting regeneration of the East End."
The cost of preparing east London for the forthcoming Games has risen since earlier estimates and has been met by the government, it has been reported.