The 10,000 capacity stadium will be home to Castleford Tigers Rugby League Club. The shops will pay for it.
Lateral Property is looking to develop a site at Glasshoughton, next to Junction 32 of the M62.
GMI ÂÜÀòÔ´´ is already lined up as contractor for the project. The aim is to start construction in summer 2015, subject to planning permission.