The committee behind London's bid says the proposals not only meet athletes' needs, but will drive a massive regeneration programme in one of London's poorest areas.

A giant stadium in Marshgate Lane and an Olympic village with 17,000 beds - which will be turned into 5,000 homes once the games have finished - were among plans revealed on Tuesday.

Other proposals include an aquatic centre with a 50-metre pool, a velodrome and BMX track and a complex for basketball and volleyball events and the Paralympics.

The plans will now go to public consultation before being submitted to the International Olympic Committee (IOC), which will decide in 2005 which city will host the games.

Proposals 80,000-seat stadium, Marshgate Lane Aquatic centre with 50m pool, Carpenters Road Velodrome and BMX track next to Eastway cycling centre Multi-sport complex on old Hackney Greyhound Stadium Olympic village near Stratford rail terminal Tennis complex next to Fish Island Hockey complex next to Olympic village

London's 2012 bid chief executive Keith Mills said plans for a "compact games", with many events within walking distance of the Olympic village, left the bid in "great shape".

He said the new venues would drive the Lower Lea Valley into "the most extensive transformation London has seen since the Victorian era".

"Getting the athletes to their venues quickly is a high priority and we have designed this plan so two thirds of the athletes can get to their sport in 15 minutes," he said.

But the layout would also meet the long-term needs of London residents once the Olympics was over.

Our ambition is that the 2012 Olympics are remembered not only as the best Olympic Games so far, but also as the event which brought long lasting benefits to all Londoners London Assembly report

And although the central precinct is planned for Stratford, three miles from the heart of London, events would be held across the city and the rest of the country, he added.

London is in competition with New York, Paris, Madrid, Leipzig and Moscow to host the event.

Suggestions the tennis contest could be held at Wimbledon may not now make it past the drawing board.

Barbara Cassani, who is chairing the London bid, admits the All-England Tennis Club may not form part of the plans because grass would not be considered appropriate for disabled athletes, who will be competing in the Paralympics.

A compromise would be to use Wimbledon for the Olympics, but build a tennis centre with hard courts to stage the Paralympic Games.

On Wednesday, the London Assembly will discuss a six month report which looked into the financial, environmental, transport and sporting implications of bidding for, and hosting the Olympics.