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More than £27million is being spent on the new Derby Arena which should be completed by the end of the year near to Pride Park.
Watch the fly through video of the facilities.
Derby's new £27million velodrome is beginning to take shape. This video shows the latest building works taking place on the new "Derby Arena" which is due to open in November.
Once complete the stadium will have seating for 1500 people and space for a further 2500-3000 people to stand for concerts will also be available in the middle of the arena.
Council leaders in Derby have visited the new £27.5 million sports arena today, to make construction checks on the new building.
The 12-court sports hall and velodrome will be open to the public in 2014.
Much of the seating is already in place at the site.
ITV News Central Correspondent Peter Bearne has been invited to take a look at the new multi-million pound Derby sports arena, where construction is underway.
Some of the terracing for the seating is already in place, this video shows the 250 metre cycle track before its completion in 2014.
Derby City Council has unveiled images of its own legacy to the Olympics.
The £27.5 million sports arena, which will be finished in 2014, will be checked by council leaders today as construction work is underway.
The futuristic arena will have a 250-metre cycling track and a 12-court sports hall.
Today ITV News Central visited the construction site of the arena for the first time to see progress on the futuristic venue.
The 14,500 square metre building will house a national standard 250 metre cycling track, a sports hall the size of 12 badminton courts, a gym and a cafe.
There will also be a 1.5km closed cycle circuit outside.
The arena has been hailed as one of the first Olympics legacy schemes.
Work started on the project in November 2012, just 10 weeks after the end of the London 2012 Games.
A £27.5 million sports arena in Derby is being checked over by council leaders today.
The venue on Pride Park is being built as a legacy to the Olympic Games.
It will have a 250-metre cycling track and a 12-court sports hall.
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The builders today allowed ITV News Central's cameras on site to see how work's progressing on the futuristic building.