The regeneration of an area of Glasgow is being brought forward because of plans to host the 2018 Youth Olympics, according to the city council.
If the bid to host the event is successful, the athletes village will be located in Sighthill in the north of the city.
The council said that building work in the area will begin before any host city is chosen, because of the timescale of the bid. The area is listed as one of eight priority regeneration areas of Glasgow but was in fact scheduled to be the last for redevelopment which may not even have started until 2032.
If used for the 2018 Youth Olympics, the area would provide accommodation for 6,000 athletes and officials. The council said this would be on a similar scale to the athletes' village in the east end of the city for the 2014 Commonwealth Games.
New homes both for sale and rent are part of the plan, as is a new school campus and better transport to and from the city centre.
Council leader Gordon Matheson said: "The regeneration of the area was always a priority for the city but the bid means it can now happen much faster than ever envisaged. The transformation of the area will bring hundreds of new homes for local people, as well as a new school campus, community facilities and better links for pedestrians to the city centre.
"What's great about this is that we need to start work on this regeneration before we know if we've won the bid. As a result of Glasgow just bidding for the games, people's lives will be transformed."
Glasgow launched the bid for 2018 in June this year and is competing with Buenos Aires, Rotterdam and Poznan. The winner will not be announced until next summer.
The city council said the youth games would form part of the "legacy" of the 2014 Commonwealth Games in Glasgow.
Sport Minister Shona Robison said: "Bidding for the Youth Olympic Games could not only bring another world-class event to Glasgow, it is a huge opportunity to put in place new facilities and infrastructure. This plan will accelerate the regeneration of Sighthill, whether or not the bid is successful, and create a new community. As the transformation of the area begins, effective engagement with the community in Sighthill by all partners will be crucial."