Cllr Farah Hussain (Lab, Valentines) called the scheme “visionary” but added she wished it had happened earlier.
She said: “My frustration with these things is how long they take, we have been hearing for years and years that something big will happen and it always seems to take far too long.”
She said she also worried about areas just outside the scheme, adding: “I’m concerned they are not going to have the same thought being put into them.”
Cllr Hatfull said he was pleased the council was “taking the lead” and prepared to use compulsory purchase powers to avoid a “piecemeal” development that “may not deliver”.