This is the first image of Birmingham's proposed #200 million multi-sports arena.

The 50,000 capacity stadium, which was exclusively revealed in The Birmingham Post over a year ago, has been earmarked for 24 acres of land in Saltley.

The new stadium would have a fully-retractable roof and lower-level seating which can be retracted to reveal a running track or a full-sized cricket pitch.

Birmingham City Football Club will play at the stadium, which will also host cricket internationals, world-class athletic competitions and massive rock concerts.

The site will also include a range of bars, restaurants, club retail facilities and a casino, and it is hoped the whole thing could be completed in time for the 2008-09 football season.

It will be the first stadium in the UK to accommodate both rectilinear and oval pitch sports.

The project that will see an investment exceeding #200 million and will create about 1,550 permanent jobs and 1,100 construction jobs. The blueprint also includes plans for a "sporting village" which would attract 3.1 million patrons a year.

Blues chief executive Karren Brady said: "This is a fantastic opportunity for the city of Birmingham and the region.

" The people of Birmingham stand to benefit hugely both economically and socially from the development and proudly witness their city become host to world-class events that will put Birmingham and the West Midlands on the map for years to come."

Cash for the project will come from US casino giants Las Vegas Sands, which recently announced a partnership with Manchester United to create a regional casino near its Old Trafford ground. Las Vegas Sands's UK representative Rodney Brody said the Birmingham plan was a "unique opportunity to create the UK's first multi-sports stadium of true international quality".

He also said the proposals would bring "much needed regeneration" to Eastside.

He added: " We've enjoyed positive discussions with Birmingham City Council and we are totally committed to the city."