Since the iconic building was destroyed, the conundrum of what to do with the crumbling site has not been successfully resolved.
Today's announcement marks an exciting new chapter for Crystal Palace Park. This is a vision that could not only see a world-class landmark building reinstated, of the quality of the original, but the restoration of the entire surrounding park, bringing jobs and growth.
Together with Bromley council and taking account of the views of local people and leading experts, we'll now be working closely with ZhongRong Group to progress these plans in more detail.
More top news
Rashan Charles, 20, died after being apprehended by Metropolitan Police officers after running into a shop in Dalston, east London.
The House of Commons Commission will consider how long the bongs should be halted following concerns raised by a number of MPs.
The chimes are being stopped to allow extensive renovation work to the Elizabeth Tower, the Great Clock and its bell.