The future of Perry Barr Stadium in Birmingham has become clearer after developers announced details of its plans to regenerate the site.
Corbally Group says it wants to build up to 427 new houses on the plot north of the city centre and is now preparing a planning application to be submitted to the council.
The proposals also include a range of public and private gardens, play areas and interactive playgrounds as well as opening up the River Tame with a biodiverse riverside park which will be accessible to the public.
The site, in Aldridge Road, is currently used as a greyhound and speedway racetrack but the lease expires in 2026 and operator Arena Racing Company announced plans last month to develop new premises at Wolverhampton Racecourse.
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If Corbally Group's proposals win the city council's backing, it would become the latest in a string of regeneration work to take place in the Birmingham suburb in recent years.
Fuelled by hosting last summer's Commonwealth Games, Perry Barr station has undergone a facelift while the former Birmingham City University campus has been turned into a new estate of around 2,000 houses.
This was originally set to be the athletes' village but the tight timeframe and covid pandemic meant a decision was taken to house them in student halls and hotels instead.
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The road network around Perry Barr has also undergone some changes and Perry Park next to Alexander Stadium is also the walking and cycling trails and martial arts centre.
Warwickshire-based Corbally Group said in a statement: "Perry Barr has been identified as a priority area for growth within Birmingham. The city council has invested heavily to enable regeneration and deliver a legacy from the Commonwealth Games.
"The regeneration of the Perry Barr racetrack is part of this vision. The current site offers little in terms of wider community value and we've worked closely with the racetrack operator to support its move to new premises within the region.
"We have developed an exciting scheme which not only delivers new homes but will create attractive new public spaces and unlock access to the riverfront.
"It will vastly improve Perry Barr and deliver real value for the established and emerging community in this location."
Perry Barr Stadium opened in 1929 and was the original home of Birchfield Harriers athletics club before it moved to nearby Alexander Stadium in 1977.
In 1984, the venue hosted greyhound racing for the first time and is now the only dog track in Birmingham following the closure of
Perry Barr has also been home to the Birmingham Brummies speedway team since 2007.