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In 2005 the Mayor of London and the London Development Agency (LDA) took control of the NSC as part of London's bid for the 2012 Summer Olympics and Paralympics, and it is now managed by Greenwich Leisure on their behalf.
The most recent report, which was produced after a forensic 18 month independent investigation by the law firm DLA Piper and commissioned by the London Development Agency, examined all the fraud and corruption allegations made by the Evening Standard London newspaper.
It abolishes the London Development Agency to be replaced by a subsidiary corporation (GLA Land and Property) and requires the Mayor of London to prepare and publish an "Economic development strategy for London” and "The London Environment Strategy". The section also allows the Mayor of London to create "Mayoral development corporations" whose object is to regenerate parts of London identified as "Mayoral development areas".