Bromley Council pulls out of Crystal Palace negotiations
PUBLISHED: 13:07 26 February 2015 | UPDATED: 13:07 26 February 2015
A deadline was not met.
Plans for a replica Crystal Palace have suffered a set back.
Bromley Council has pulled out of negotiations with a Chinese developer, ZhongRong Group, after it failed to meet a deadline to produce plans.
Their exclusivity agreement will not be renewed after the 14 day period for a response lapsed.
Cllr Stephen Carr, leader of the council, said: “There is a major opportunity here to do something that might really improve the park and provide much needed regeneration locally too. This was why we were prepared to properly listen to what ZhongRong had to say but we were never going to simply say yes to absolutely anything as we need to get this right.
“Now, we will meet with community stakeholders as we have done all the way along this process to review options going forwards.
“Importantly too, we are continuing to progress plans to improve Crystal Palace Park with an investment in excess of £2m.”
The replica palace was announced in 2013 by Mayor of London Boris Johnson.
The original was built in 1851 in Hyde Park, moving to Crystal Palace in 1854. It burnt down in 1936.