How will the bank loan be repaid?
Through the operation of the new Crystal Palace and hence the footfall and spend of the people who are customers and users there. The responsibility for the debt therefore will belong to the delivery/operating company. In order to ensure repayment of the loan, that company must establish a viable commercial enterprise, within the New Crystal Palace, that generates sufficient revenue to repay any loan. That company will have to have a proven track record of successful leisure based commercial ventures. Enjoying the strong brand of Paxton’s Crystal Palace, coupled with the demand for leisure and entertainment in South London, the New Crystal Palace could generate a profit and bring economic regeneration to South London. Just look at what the success of the O2 stadium has done for re-development of the docklands area of south-east London! Market-research, in preparation of our proposal has shown that the features such as a real ski slope, climbing wall, small cinemas, concert hall, theatr
