Personally I'm in favour of a major tourist attraction being set up in the area. I think it will be a massive creator of jobs for local people and reinstates a major piece of Victorian heritage.A billionaire Chinese developer is drawing up a radical proposal to build an exact replica of the Victorian Crystal Palace that housed the Great Exhibition of 1851.
ZhongRong Holdings — owned by one of China’s richest men — hopes to build a copy of the 900,000 sq ft cast-iron and plate-glass building in London’s Crystal Palace park.
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According to Property Week, ZhongRong is in early discussions to develop the scheme. It wants the new Crystal Palace to host exhibitions and events and aims to submit a planning application later this year.
My only real concern would be the impact on traffic but this could be off-set but the developer investing in rail and tram infrastructure for Crystal Palace and Penge West, and it would be the perfect destination for the Bakerloo line extension.