Plans for a £42 million development to transform a former paper mill site in Glenrothes will be considered by councillors next week.
Bellshill company Advance Construction wants to build 850 houses, a 32-room care home and 16 retirement flats on land occupied by Tullis Russell, which closed in 2015.
Retail, leisure facilities, business space and industrial units would also be created on the 52-hectare site if the application for outline planning permission is given the go-ahead on Wednesday.
A report to the central and west Fife planning committee said 300 construction jobs worth £130m to the local economy would be created during the 10-year building works.
More than 800 permanent jobs would be created on the site once it is complete.
Around 1,000 more would live there in a mixture of detached, semi-detached and terraced houses, as well as a number of flats.
It could all be complemented by an arts strategy reflecting the site’s industrial past, including heritage trails, viewpoints and information boards.
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Planning officer Chris Smith said the site would be accessed from four points, the main one being the Markinch roundabout on the A92, which would need to be upgraded with traffic lights.
The Preston and Bankhead roundabouts would also require upgrades in the future due to an increase in traffic.
Nineteen objections have been received from the public concerned about matters such as road safety, traffic numbers and the impact on the town centre and schools.
Mr Smith has recommended the application be approved subject to a number of conditions, including a requirement for the developer to contribute towards a transport fund to ensure improvements to roundabouts and junctions are paid for.
A financial contribution towards a temporary classroom and nursery at Pitcoudie Primary would also be expected to accommodate any extra children living in the development.
The planning officer said the proposal was considered acceptable as it would allow a large brownfield site to be regenerated, while offering a realistic proportion of employment land.
He said: “The range of land uses proposed would help meet housing demand over the long term, would provide identified demand for care facilities and would provide economic opportunities to compliment the adjacent industrial/commercial areas in Glenrothes and Fife as a whole.”