Regina city council is being asked to spend $7.5 million to buy land just north of the downtown from Canadian Pacific Railway.
The purchase of seven hectares (17.4 acres) of land along Dewdney Avenue between Albert Street and Broad Street is on the agenda at council's Tuesday meeting.
The city says the land will be eventually be redeveloped into homes, offices and other mixed uses. It won't be for the new stadium, however. That project is slated for Evraz Place further to the west.
The city will also vote on spending $2.1 million to prepare the land for development, including some environmental cleanup.
The deal requires CP to leave the property by July 2014. The company is moving its operations to the global transportation hub on the western edge of the city.
The city says it will eventually build a new pedestrian bridge to connect the downtown to the warehouse district.