On 10 October 1997 LDDC handed on its responsibilities on the Isle of Dogs to two bodies: British Waterways and the London Borough of Tower Hamlets.
West India and Millwall Dock estates were handed over to BW, while LDDC s public open spaces went to LBTH. Revenue producing assets held by the corporation were handed to BW and LBTH to balance the liabilities they inherited.
The local authority together with the corporation agreed a 1M investment programme to support the local communities during the transitional period following the handover.
LDDC also made endowments topping 2M to the Isle of Dogs Community Foundation.