The detailed planning application is for a retail scheme anchored by the football pitch. Plans include a multiplex cinema, a supermarket and a 10-pin bowling alley.
The project will include car-parking areas defined by turfed and tree-lined areas on the former industrial site in county Durham.
Developer, Terrace Hill, hopes work to transform the old Warner Electrics site will start next April and finish in the summer of 2010.
"We hope to build a new ground and stand for Bishop Auckland Football Club", said a spokesman. "Terrace Hill is in detailed discussions with leisure operators."