Nearly £2 million will be put aside to renovate Piccadilly Gardens, Manchester council has confirmed.
This money will be put towards a pressing issue in the area - the destruction of the vilified Piccadilly Wall.
However, the local council's leader, Sir Richard Leese, admits this is only part of the plan.
Further investment - around £10m - will be required for a complete overhaul of Piccadilly Gardens, which is one of the city centre's most unsightly and dangerous areas.
In the meantime, the council will be spending £1.8m on removing the wall whilst drawing up designs for potential improvements.
All plans for Piccadilly Gardens will be supported by surveys and public feedback.
Mr. Leese said the council are "determined to do something about (the area)".
He added: "The fact that we are planning to commit so much funding to the first phase of the scheme alone hopefully underlines the extent of our commitment."
The free-standing part of the landmark wall will be knocked down to create a "welcoming space", the council said.
However, the final budget for the scheme is expected to be "considerably higher".