The music promoter giant behind such renowned festivals as Berlin’s Lollapalooza and Reading and Leeds Festivals has tabled plans for a huge new event at Crystal Palace Park.

Little public detail surrounds the proposal aside from what Crystal Palace Park Trust, who have thrown their support behind the proposal, have published.

According to the trust, music promoter Festival Republic is applying to Bromley Council for a licence to hold two events on the upper terraces of Crystal Palace Park during summer for the next three years.

Each festival would have capacity for up to 45,000 revellers.

Live Nation, the parent company of Festival Republic, said they have no comment or further information at this time after being contacted by the local democracy reporting service for more details about festival themes or potential acts.

News Shopper: Those behind the management of the park say the festival could bring in valuable funding for the park's upkeep and restoration. Those behind the management of the park say the festival could bring in valuable funding for the park's upkeep and restoration.

According to the trust, the first festival is planned for July 9-11 next year, with the second taking place a weekend later from the 16th to the 18th.

The trust say hosting the event would provide “significant funding” which would support community projects and the regeneration of the park.

“We are really pleased to see this proposal from Festival Republic and keen to support these exciting events,” Martin Tempia, co-chair of the Trust, said.

“Not only will it bring some great acts to the area and restore Crystal Palace Park’s reputation as an important venue for events, but a generous proportion of the income generated will go to support environmental, educational and cultural initiatives for the benefit of the park and local residents.”

The co-chair added the trust “fully support their plans” as “every penny we raise in the park stays in the park”.

Melvin Benn, managing director of Festival Republic, said: “Crystal Palace Park is such a wonderful venue for live music. We’re fully aware of its heritage in this respect and believe we can be a positive part of its future”.

Festival Republic have additionally offered to host a free schools’ event on one of the festival stages, according to the trust.

It’s the latest potential boost for the park and comes after Bromley Council submitted major plans in March including a proposal to build more than 200 homes on the outskirts of the park to fund further regeneration work.

News Shopper: The festival could be the latest boost for the park - with a major planning application for work, including a new 'hub' at the park's National Sport Centre (pictured), also submitted earlier this year. The festival could be the latest boost for the park - with a major planning application for work, including a new 'hub' at the park's National Sport Centre (pictured), also submitted earlier this year.

Festival Republic’s flagship events are the massively popular Reading and Leeds Festival which usually run every year in August.

The 2021 lineup has already locked in superstar headliners such as South London’s own Stormzy, American rapper Post Malone, and former Oasis lead singer Liam Gallagher.

Next year’s proposed events at Crystal Palace would run roughly a month earlier than its Leeds and Reading counterparts, although it’s unclear if the former will be related in anyway to the latter.

The promoter are set to lodge their plans with Bromley Council this week.