Southwark Council is preparing to submit a planning application to reinstate athletics facilities at Southwark Park.
If permission is granted, the project will be part-funded by Southwark’s Olympic Capital Legacy Fund and will see a six-lane track built with an eight-lane 100 metre straight.
Other facilities will include long jump, high jump, pole vault, hammer and discus, shot put and javelin. Additional land for park-users will also be created.
Councillor Veronica Ward, cabinet member for culture, leisure, sport and volunteering, said: "This is a really exciting step for Southwark, and especially for users of Southwark Park and local athletes as a part of our Olympic and Paralympic Legacy.
“We also hope that the refurbished pavilion will provide facilities to support the athletics development, as well as changing rooms, toilets and refreshment facilities for the benefit of park users."
A new website for the local community, which explains the council's plans for the regeneration of Old Kent Road, has been launched