A consortium led by Liverpool City Council and supported by Your Housing Group and Liverpool Football Club has unveiled its plans to transform the Anfield area of Liverpool around the football stadium.

The £260m regeneration plan, aimed at breathing new life into the north Liverpool area, will include new housing, shopping facilities, public space, office buildings, a hotel and the creation of a major new pedestrian-friendly avenue and public square plus a plan to expand the current stadium by adding around 10,000 extra seats to the current capacity of 45,000. It will also create up to 700 long-term jobs.

There is also a proposal to complete the restoration of Stanley Park and to build a food hub at its centre which would offer food retail units, production and training facilities.

Ian Ayre, LFC managing director, said: "The unveiling of this vision for the wider regeneration of the Anfield area is another important step towards transforming the area for the better. The club has a track record of working successfully with LCC and others to drive forward improvements to the area, having made a major investment towards the transformation of Stanley Park."

"We have always said that any stadium expansion will be subject to detailed economic and social feasibility studies and the community and home owners' support, which includes our ability to purchase the land for the proposed expansion."

The area has come under much scrutiny as angry residents have accused the football club of ruining the area by buying up and boarding up the houses around the stadium. Local residents and businesses are now being asked their views on the scheme.

Liverpool Mayor Joe Anderson said: "Too many false dawns have happened and I hope people take comfort from the fact we are seeing tangible results of a determination to make things happen."