Legacy plans for the London 2012 Olympic Park have been unveiled by London mayor Boris Johnson, along with communities secretary Hazel Blears and Olympics minister Tessa Jowell.

The proposals have been developed in partnership with the five host London boroughs, and will see the creation of new communities surrounded by parklands and reclaimed waterways, as well as sporting, educational and cultural facilities. A public consultation has been launched to allow local residents to have their say on plans, including a new secondary school and sports academy based at the Olympic Stadium, which is to be reduced from 80,000 seats to 25,000 seats after the 2012 Olympics.

Plans for the stadium also include world-class athletics facilities capable of staging major international events, as well as the potential to stage sporting and leisure events such as large concerts. In addition, it is proposed that the stadium will house the National Skills Academy for sports and leisure, as well as a centre for the English Institute of Sport. Both the Olympic aquatics centre and velodrome will be set aside for community and elite sporting use after the 2012 Games, with the possibility of staging international events, while a new arts academy and primary school are earmarked for the Olympic Village site.

Johnson said: "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. "Now I believe that the future for this most deprived area is spectacularly bright. It shows how we plan to use the investment in new transport, new infrastructure and new world-class facilities as the backbone of a fantastic new place to live."

Tom Russell, the London Development Agency's group director of Olympic legacy, added: "It will be part of a wider economic, social and physical regeneration strategy which looks at the future development of areas around the Olympic site. "This will ensure that the regeneration benefits of the 2012 Games are felt across London."