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The multi-million pound redevelopment of Alexandra Palace into a leisure destination is back on the cards again after Firoz Kassam's company Firoka finally put pen to paper and signalled its commitment to the project.
Councillor Matt Cooke, chairman of the Alexanrda Palace Board of Trustees, said in a statement: "We welcome the fact that Firoka has provided the clarity the board wished to see in respect of its aspirations concerning the future of Alexandra Palace.
"The board resolved unanimously in December to seek a fresh commitment from Firoka on whether it wished to take a long lease on the building and we are pleased that this has been forthcoming.
"In the coming weeks discussion will proceed between officers of the trust and Firoka on the best way forward in securing the future of the Palace.
"Once those meetings have occurred, the trust board will meet to discuss the position and will of course keep its responsibilities as guardian of this precious and much-loved building uppermost in mind."