In the 1936 London said goodbye to a famous icon when The Crystal Palace was completely destroyed by fire. Now a Chinese property developer has unveiled his plans to restore Crystal Palace to its Victorian glory.
The idea is to create a new attraction on the original site at a cost of half a billion pounds. Today the Mayor backed the project, but not all local residents are convinced. Our political correspondent Simon Harris reports.
The new building will be on the same scale as the huge structure of iron and glass designed by Joseph Paxton for the 1851 Great Exhibition in Hyde Park. It was the largest glass structure in the world before it was destroyed by fire in 1936.
It was later relocated to south-east London to the area which became known as Crystal Palace.
Ni Zhaoxing says he has a decade of experience of working with steel and glass and he is in talks with the government, the GLA and Bromley Council to get around "restrictions" on developing the park. Mr Ni says he will treat the palace "like an art work, like falling in love, like having a child."
London's historic Crystal Palace looks set to be brought back to life under new plans to rebuild it as a modern-day cultural attraction. A Chinese investment firm wants to reconstruct it on the site of the original Victorian building in south-east London.
London Mayor Boris Johnson is set to announce new plans to regenerate Crystal Palace Park later on today.
Although specific details of the plans have not yet been released, the proposals include "major inward investment" to restore parts of the park to their former historical state.
The park, located in Bromley, is well-known for its Victorian dinosaur models, designed by Benjamin Waterhouse Hawkins.
Earlier this year, a Chinese developer reportedly put forward proposals to rebuild a historic palace which originally stood in the park but was destroyed by fire in 1936.