The future of Alexandra Palace, the birthplace of British television, could finally be settled if plans to make it the main 'media campus' for the UK's broadcast industry succeed.
Proposals drawn up by urban design specialist CIVIX follow feasibility studies commissioned by the BBC and the site's owners, the Alexandra Palace Charitable Trust. The redeveloped building will house studio, training, heritage and entertainment facilities.
If the project's commercial future can be secured, an international design competition will be launched to find architects capable of masterminding the site's regeneration.
While it is hoped the scheme will be self-supporting, potential investors still need to be found.
Dan Bone, director of CIVIX, said: 'We are consulting key players in the broadcast industry and, in conjunction with the Royal Academy of Engineering, have set up a high-level strategy group to develop the brief.'