Rochdale Borough Council has teamed up with a partnership of rail providers in Manchester to develop a 7,000-home scheme on the Calder Valley rail corridor.
The regeneration will span the borough’s five stations and will include 2.7m sq ft of employment space.
It is the first project for the Greater Manchester Stations Alliance, a venture between Network Rail, Northern Rail, Transport for Greater Manchester, LCR and the Greater Manchester Combined Authority.
The Alliance aims to work with local councils to spearhead regeneration opportunities.
Proposals currently being worked up by planners at Broadway Malyan and WSP include 1,500 homes, 43,000 sq ft of commercial space and 24,000 sq ft of workspace with a public square near Rochdale station.
There are also plans for 1,500 homes around Castleton station, an extended metrolink and a new £11m cycle corridor.
Cabinet member for economy, business and skills, John Blundell, said: “The land around our railway stations has huge potential for regeneration because you’re putting people close to the transport connections and local facilities that you need to create sustainable neighbourhoods.”
James Howard, development manager at LCR, said: “Through targeted investment and collaboration across the public and private sectors, there are many further regeneration opportunities we can unlock to support new homes, jobs and public value in town centres across the city region.”
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