Liverpool City Council is looking for a development partner to create a cultural suburb across a 36 ha site on the banks of the Mersey.
Plans for the new Festival Park Liverpool on the former Festival Gardens site have been unveiled at Mipim and would include 2,500 homes within a wider mixed-use leisure development.
Built on a reclaimed household waste site, Festival Gardens hosted the UK’s first ever international garden festival in 1984.
However, the site has lain largely dormant for the past 30 years, with several attempts to regenerate it or find alternative uses failing to come to fruition.
The council took control of the site last year and is currently working with architects K2 on a draft masterplan that will include a “major visitor and cultural destination”.
Mayor of Liverpool Joe Anderson said: “Festival Park Liverpool presents a unique development opportunity at what is a hugely important site to Liverpool and its residents.
“We need a partner, or partners, to help realise the vision and create a cultural garden suburb which will have no equal in the UK.”
Outline planning consent has been granted for 1,380 homes on part of the site.