Manchester City Council, Manchester City FC and New East Manchester have agreed a legally binding joint venture partnership to develop land around the City of Manchester stadium.
Previously the work had operated under a memorandum of understanding signed 12 months ago and a regeneration framework covering 80ha of land owned by the parties was agreed.
The first target will be land owned by the Football Club on the Openshaw West site which will be the subject of exploratory remediation to make it useable for further development of football facilities.
Community consultations on local facilities will now begin. "This framework along with the partnership will drive progress over the next decade and will not just secure the economic success of the area, but also be a truly groundbreaking relationship setting the benchmark in the world of regeneration," said Council leader Sir Richard Leese.
"Our joint partnership is progressive and maturing and our mutual commitment means that our shared vision for the area can become a reality that will create jobs, visitors and opportunities for residents of east Manchester."
