The paper outlines Cardiff Council’s vision for five specific zones in the city. It says the consultation is intended to help deliver a spatial strategy that would help concentrate investment "to achieve critical mass and realise agglomeration effects".
The document says that the council intends to encourage expansion of the city centre southwards through office-led development.
It proposes that a New York High Line-style park would link the city centre to Cardiff Bay, which would be pro,oted as a short-break destination through leisure investment.
Under the plan, "Cardiff West" would be given an increased sporting feel, with enhanced facilities at Glamorgan Cricket Club and a new arena for the Cardiff Blues rugby club.
"Cardiff East" would become an industrial zone under the proposals, with a new parkway station and road enhancements. Meanwhile, a science park and an innovation park is earmarked for the north of the city.
Cabinet member for investment and development Russell Goodway said: "Working with the private sector, government and our partners, the new strategy will need to set out the council's intended focus of investment which is in the city centre, Cardiff Bay, innovation in north Cardiff, a western sport cluster and industry in the east of the city."
The proposed strategy is out for public consultation for three months, with a "white paper" intended to firm up the proposals expected to follow.
The council was asked for details on how the document would fit in with the city’s local development plan, but it had yet to respond at time of publication.