Liverpool Mutual Homes is also part of the consortium behind the project to develop a new neighbourhood in the park. Some of the park would be retained with new leisure and recreational facilities.
"We know that this is an area of the city that requires substantial investment and this project could bring this in a unique form,” said the mayor of Liverpool, Joe Anderson. “Everton's investment into this area would be the catalyst for a development which could make a real difference. “
The partners will now develop ideas for the site in collaboration with the local community. This could lead to a formal planning application being lodged in the next 12 months. Financing for the scheme will be led by Everton Football Club with support from a number of partners.
A website for the proposals has been set up at www.waltonhallparkproject.co.uk.