Its preferred option is to refurbish Anfield, but a new build on Stanley Park could help regenerate the area.
The 60, 000 capacity ground at Stanley Park has been unanimously approved by Liverpool City Council planning committee after a five-hour meeting.
It has been 10 years since initial plans were announced to build a new home for the football club on Stanley Park.
The club settled at Goodison Park after a nomadic 14 years in which they played at Stanley Park, Priory Road and Anfield Road.
It is here, and to the nearby beaches of Spanish Banks, Jericho and Stanley Park, that Vancouverites flock after a day at the office.
As you make your way south into Vancouver proper, stop in Stanley Park where Psych, The X-Files, and Stephen King's It all had scenes.
Cumbes confirmed that Stanley Park will be one of several outgrounds in contention to host Championship fixtures in 2011 when Old Trafford undergoes major redevelopment.
The remains, which could be more than 2, 000 years old, were found at the site for the new Stanley Park High School in Orchard Hill, Carshalton, in Sutton.
But the Reds skipper insists he backs plans to build a new ground in Stanley Park and boost the club's ability to generate more cash for quality players.
The statistics show Everton have just one away victory in eight trips away from home since September, and even that autumn success was just across Stanley Park at Liverpool.
New American owners George Gillett and Tom Hicks also experienced that themselves for the first time but also used their visit to discuss plans for the new Stanley Park venture.
Its central and perennially popular Stanley Park is one of North America's largest urban parks, graced with colonies of curious racoons and stunning views out to the snow-capped North Shore mountains.
Yet what could be intriguing is whether the Liverpool board continues to insist that any purchaser of the club must agree to proceed with construction of a new ground at Stanley Park to replace Anfield.
FORBES: Could Restoring Anfield Be Larry Lucchino's Next Project?
However, their reign has proven unpopular with Reds fans, with the debt burden they have placed on the club and the delayed construction of the proposed new stadium at Stanley Park coming in for particular criticism.
But with significant investment not forthcoming and issues over funding for a new stadium in Stanley Park and providing a substantial transfer budget for manager Rafael Benitez becoming increasingly significant, the Americans have decided their best option is to sell up - a move they say has the "full support of the existing bankers".
Some of the biggest ones came from Kamal Ahmed, at Morgan Stanley in Menlo Park, California, where Smith had worked.
He trod explicitly in the footsteps of Mungo Park and Stanley or, preferably, he didn't tread in anyone's footsteps at all.
ECONOMIST: Hendrik Coetzee, explorer, died on December 7th, aged 35
He had drunk carbolic acid in a park in Worcester, leaving Stanley's mother to support her children by dressmaking.
ECONOMIST: Stanley Kunitz, American poet, died on May 14th, aged 100
Clients say one plus for Morgan Stanley's team, based in Menlo Park, Calif.
WSJ: Dominant Morgan Stanley Tech Team Sets Sights on Facebook IPO
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