The planning application is part of Celtic’s longstanding masterplan for the area, which is expected to deliver benefits to the club and its supporters, as well as allowing for further regeneration of the east end of the city.
The project will need considerable work and investment over a number of years to bring it to fruition.
Celtic has made significant investment over recent years to develop the stadium and public realm area for the benefit of its supporters.
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The club said that any further development of that kind would be a hugely positive step for the club, as well as its supporters and for the local community, but the club understands that there would be a number of challenges to overcome to complete a development of this scale.
A spokesperson for Celtic said: “We are very pleased that initial planning permission has been granted.
“Clearly, there is still considerable work to be done in bringing such an ambitious project to fruition.
“However, we will now engage with other relevant parties to assess this potential development."