The plans to redevelop Oldham’s Boundary Park into a new 16,000-seater stadium had been granted planning permission with work due originally due to start in the summer.
Tenders for the 5,200-seater main stand, including hospitality facilities, a club shop and office accommodation, had been submitted to project managers, the Frank Whittle Partnership.
But the plans were put on hold in the summer, due to the problems in the housing market, and have now reportedly been shelved until further notice.
The scheme had originally allowed for 650 new homes, which was then reduced to 550.
And now due to the wider economic downturn the scheme has been put on permanent hold.
The scheme which would have created up to 1,000 jobs also included 50,000 sq ft of offices and three-star 80 bedroom hotel.