Manchester City has revealed plans to develop 200 acres of land around the Eastlands Stadium in a £1 billion plan.
The scheme, in collaboration with Manchester City Council, aims to develop the club's global profile by transforming one of the poorest areas of the city into a world class sports and leisure complex, similar to those at AC Milan, which will include shops, a luxury hotel, restaurants and provide hundreds of new jobs in the area. .
Manchester City chief executive, Gary Cook said, "Manchester City has been and always will be at the heart of the community it serves in the city of Manchester. The longer-term considerations for the area reflect the long term commitment of our owners to the club and the community it serves."
The expansion of the existing stadiums current 48,000 capacity to 60,000 has also been discussed in conjunction with the regeneration project.
Council leader, Sir Richard Leese said, "The City of Manchester Stadium has also been a credit to the city and this further investment will enable local people who can work to work, will give our young people the best possible start in life and will make east Manchester a place in which to work, invest, live and visit.
"From the securing of the Metrolink tram system to the building of world class sporting facilities in and around Sportcity, there has already been real vision in creating a sustainable future for east Manchester," he added.