The London Legacy Development Corporation's (LLDC) planning decisions committee granted permission for the original structure to be transformed into a 60,000-seater venue with a capacity of 80,000 for concerts.
The multi-purpose venue, which has Premier League club West Ham United confirmed as an anchor tenant, is scheduled to host Rugby World Cup 2015 matches and the 2017 World Athletics Championships.
Members unanimously approved the application, which was made by the Legacy Corporation on behalf of E20 Stadium LLP, a special purpose vehicle comprising LLDC and Newham Council.
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Subject to a referral to the Mayor of London, work will begin later this year on the proposed alterations, which include introducing retractable seating in the lower tier and a new extended roof design to cover the new seating, as well as the re-use of the iconic lighting towers.
Dennis Hone, Legacy Corporation Chief Executive, said: "This is an important milestone that paves the way for the Stadium’s intended legacy use as an all-year-round venue.
"As we prepare for the phased re-opening of Queen Elizabeth Olympic Park this summer, with the long-term future of all eight permanent venues on the Park now secure, we remain firmly on track to deliver a meaningful physical and social legacy for Londoners."
Sir Robin Wales, Mayor of Newham, added: "This is fantastic news and we will work hard to make sure our residents have access to the jobs created by the construction project as well the Stadium itself once it opens. Queen Elizabeth Olympic Park is beginning to take shape and the progress that’s been made so far is impressive."
(JP/MH)
