"There is" or "There are" a large quantity of people? [duplicate]

I thought this excerpt from Oxford Dictionaries was instructive:

Although the expression ‘a number’ is strictly singular, the phrase ‘a number of’' is used with plural nouns (as what grammarians call a determiner (or determiner)). The verb should therefore be plural:

A number of people are waiting for the bus.

This is not the case with ‘the number’, which is still singular:

The number of people here has increased since this morning.


I'd use number instead of quantity here. I'm not a native speaker, but

There is a large number of people

sounds more natural.