Simplify the following text for a Grade 7 native English-speaking person.
Original: At the end of 2007 , as a result of the awarding of planning permission for the Ongar residential development ( see below ) , the railway was sold to a new private owner who is committed to bring steam back to the line .
Simplified: At the end of 2007 , the railway was sold to a new private owner . This was because planning permission for the Ongar residential development had been given .