The venture, subject to planning permission, could stave off the threat of a sale-and-leaseback scheme for Elland Road, as was brokered last week for the Thorp Arch training complex.
Leeds received £4m for the sale and lease-back of Thorp Arch.
United are also due another £500k from Manchester City now that Robbie Fowler has made 60 appearances for the club.
Leeds received £4m for the sale and lease-back of Thorp Arch.
United are also due another £500k from Manchester City now that Robbie Fowler has made 60 appearances for the club.