The London club set out its building plans for a new iconic Main Stand after gaining planning from Croydon Council.
The project, which is expected to cost between £75-£100m, will increase the capacity at Selhurst Park from 26,000 to more than 34,000, transforming the match-day experience for supporters.
A stunning new five-storey stand will feature an all-glass front – a homage to the club’s earliest days when it stood in the shadows of the original Crystal Palace, erected on Sydenham Hill.
A central vaulted arch, with the famous Eagle crest, is a reminder of the iconic 1851 Exhibition Hall, and eagle wings flank the 41m structure.
It is a major investment in the heart of Croydon, which will generate more than £15m a year for the local economy and create hundreds of new jobs.
The project is being designed by leading stadium architects KSS, the firm behind the redevelopment of iconic sporting venues, including Anfield, Twickenham and Wimbledon. The roof of the new stand will be designed to funnel sound down to the pitch and the Arthur Wait Stand opposite.
Negotiations will now continue with Croydon Council over the terms of the Club’s Section 106 obligations to fund transport and community improvement initiatives.
The Council will now refer the application to the London Mayor, and once he has approved it, the planning permission will then be issued.
The existing Main Stand will remain in full operational use throughout the build process, minimising the impact on the stadium capacity in the coming seasons. Building work will complete in 2021, ready to open for the 2021-2 season.
Crystal Palace chairman Steve Parish said: “I am absolutely delighted that Croydon Council has backed our plans for Selhurst Park. This project will not only transform the stadium, which has been our home since 1924, but it will also have a positive impact on the south London community.”