Plans for 3,250 new homes, including 750 affordable properties, in Eastmoor, Wakefield, are to be discussed by senior councillors today.
The City Fields Consortium Masterplan also includes new £50m bypass, offices and industrial units, a school, children's play areas and sports pitches .
A waterside area with canal-side walks, cafes, bars, shops, restaurants and public spaces is also being proposed.
The project incorporates plans for the old Wakefield Power Station along with the Welbeck landfill site.
Wakefield Council chiefs say an estimated 3,700 annual construction jobs could be created over a period of 20 years through the building of new homes and the relief road. It is estimated 1,658 long term jobs could be created in a mix of retail, office, education, warehouse and industrial premises.
The full Masterplan document can be viewed online at www.cityfields.co.uk.
A murder investigation has been launched after a man was found fatally stabbed in a flat in Wakefield. The victim , who has not been named, was taken from the flat in Marsland Avenue in the Eastmoor area of the city to Pinderfields Hospital where he died later.
A 35 year old man and a 23 year old woman have been arrested on suspicion of murder.