Liverpool Council is set to buy the remainder of Kings Dock on the city's waterfront as it sets in motion a plan to redevelop the key site.
The council already holds the majority of the dock estate under three 999-year leases.
That includes parts of the dock that are currently home to the M&S Bank Arena and the neighbouring convention centre.
But the new purchase will bring 55,000 square metres of the rest of the dock under public control as the council works on proposals to redevelop the area.
Kings Dock has seen a number of large projects proposed before - but the arena and conference and exhibition centres are the only large scale projects that were ultimately taken forward.
Here are the other developments that could have been built on this prime piece of Liverpool real estate.
A new Everton stadium
Before Everton's plans to move to Bramley Moore Dock - and even before their divisive proposed move to Kirkby - there was Kings Dock.
The Blues proposed a waterfront stadium at the beginning of the new millennium as it became clear that they favoured a new site over the redevelopment of Goodison Park.
The stadium formed one part of a larger masterplan that also involved housing and the wider redevelopment of land facing the River Mersey.
But though the project received backing from fans in 2001, progress began to stall over the next few years.
Issues over financial backing emerged and caused rancour among many fans concerned over how much of the project Everton would actually own.
The club's plans to move into the new stadium by the start of the 2005/2006 season were dashed in 2002 after the project was delayed further - and struggles to find funding continued.
The bid to build the stadium eventually collapsed completely in 2003.
A massive ice rink
After the stadium plans fell through another major redevelopment plan for Kings Dock was proposed.
This time, the masterplan included multiple options and developer YPG had proposed that an Olympic-size ice rink be included as a possiblity.
Seating up to 2,000 people, the rink could have provided Liverpool with the opportunity to host major ice sporting events.
Those plans stood along side much bigger plans for shops and housing in a development that the council at the time hoped would create thousands of jobs.
Mayor Joe Anderson said of the masterplan at the time: “The Kings Dock is the final piece of the jigsaw in our vision for this part of the waterfront. This transformation will help link the existing waterfront assets with the Baltic Triangle and significantly boost employment in the city.”
And an office block
Also part of the masterplan was for call centre giant the Contact Company is to build a new office at Monarch’s Quay.
Chief executive Asif Hamid said in 2017 that the company needed a new office to cope with demand – and said he hoped to recruit as many as 1,500 new staff.
He said: “Our new office will be a high quality, landmark building and will mean a huge range of opportunities for employment and training.
“We remain committed to our Wirral operation but this development will enable us to significantly expand our business and compete for global customer care contracts.”
The plans got permission from the council but did not progress from there - and with the council now again looking at redeveloping the dock it is so far unclear what that development could look like.
