Proposals to make Auckland's downtown more pedestrian-friendly and its waterfront more accessible will transform the city, Mayor Phil Goff says.
The package of projects will be considered at a council planning committee meeting on Tuesday and include a new ferry terminal and a new public space along the water's edge.
Mr Goff says the plan will cater for the greater number of people visiting, living and working in central Auckland.
However, he says the timing of its implementation will need to be balanced against spending priorities in transport and housing, and regenerating town centres across the city.
Team New Zealand's defence of the America's Cup in 2021 is also a factor in the decision-making.
Mr Goff says the council is exploring suitable locations to host the regatta, while creating a lasting legacy.
More than 40,000 people live in Auckland's city centre, where the daytime population swells to several hundred thousand.