Developer Arrowcroft's Croydon Gateway project, on a 3.4ha site next to East Croydon railway station, includes a 12,500-seat arena that will be equipped with an Olympic-size ice pad. The venue could be adapted for a range of sporting events, concerts and conferences.
Other aspects of the scheme, which is also supported by the London Borough of Croydon, include a plaza, office space, leisure facilities, shops, restaurants and bars. Up to 5,000 jobs would be created.
The mayor has accepted the developer's proposal that just 25 per cent of the homes on the site - 204 of 834 - will be affordable on the grounds that the scheme offers significant planning gain and regeneration benefits.