Aberdeen councillors will discuss the business case for the controversial City Garden Project on Friday.
The 154-page report considers the £92m Tax Incremental Financing loan from the Scottish Government to fund five city centre regeneration projects, including the transformation of Union Terrace Gardens.
The money would also be used to fund redeveloping St Nicholas House, Aberdeen Art Gallery and the North Denburn Valley as well as the City Circle pedestrian route project.
The business report says the TIF business case has the potential to unlock 6560 full-time jobs and an average of £115.1m per annum of economic growth over 25 years.
It also says that the TIF case is “suitably robust” to guard against any potential risks to the scheme, such as increased interest rates and increased capital costs.
The business report will be discussed at Friday afternoon’s meeting of the finance and resources committee.
The business case is expected to be deferred for further discussion at a full council meeting on August 22.
Councillors will also be asked at the meeting to agree a pay rise for directors and heads of service.
Plans to “normalise” the wages of 24 senior staff who declined a national 2.5% salary increase in December 2009 have been recommended for approval.
The pay increase will be backdated to April 2011 as “the agreed period of non-payment was for 12 months”.
The move is likely to anger many local authority workers, currently in the third year of a public sector pay freeze.