Plans for a new stadium for Liverpool Football Club and the redevelopment of the neighbouring area, are taking a major step forward.
The overall cost of the first phase of the project will be £215m
The city council is being asked to approve measures such as the granting of a lease, restoration work and the setting up of a joint venture company.
The plans will still depend on the club securing its part of the funding for the project.
The overall cost of the first phase of the project will be £215m.
It includes the new stadium which incorporates a centre with facilities for education, sport and community activities, along with a fully restored Stanley Park.
Council leader Warren Bradley said: "Liverpool Football Club is one of the best-known and most successful in the world.
"Yet it stands in one of the poorest areas, not only in the city, but in the country.
"What we are looking to do is not just provide a new home for the football club fitting for their status as one of the world's best, but use their success to spark a dramatic revival of the Anfield and Breckfield areas."