The ice hockey club is in discussion with Manchester City Council to find land for a new ice rink, and have a commercial backer to fund the development.
An exact location is still to be pinpointed, but it could be part of the Eastlands development next door to the City of Manchester Stadium, home of Manchester City Football Club.
The new ice rink would seat around 3,000 fans, provide skating facilities for the general public, ensure the future of professional ice hockey in the city, and the development of young players.
Phoenix managing director Neil Morris said: "We see this as a turning point for ice sports in Manchester. Our own future rests on the ability of people to take part in ice sports, from recreational skating through to ice hockey.
"This is intended to be a community-based facility with easy access for the people of Manchester. Ice hockey itself has had a huge following in the city, but is going through a period of consolidation. There is still a long way to go before this becomes a reality. However, we have assembled a group of people who have the desire and capability to make it happen."
Regeneration
Tom Russell, Chief Executive of the City Council's development agency New East Manchester, said: "East Manchester has become synonymous with world-class sports facilities and events, and this is driving the regeneration of the wider area.
"Ice has the potential to enhance the range of attractions that East Manchester offers, and we are working closely with Manchester Phoenix to identify and examine the feasibility of possible sites."
The club owners are aware of the new facility planned for Altrincham, but feel this will not impact on their own venture.
Their research shows that a conurbation of Manchester's size could comfortably support two ice rinks, one on either side of the city. Sheffield, for example, has three public ice pads.
The commercial backer is an existing operator of ice rinks, and has indicated that the new building could be of a permanent nature, or - with developments in new technology - could be a less expensive semi-permanent structure.
The plans will herald a new era for ice hockey in Manchester, which burst on to the scene in 1995 with the formation of Manchester Storm after the opening of the M.E.N. Arena.
The new team was soon a spectacular success, attracting five figure crowds, including one in excess of 18,000, as they won the Superleague Championship and the Benson and Hedges Cup.
Discounted
But tickets were heavily discounted and many of them were given away free.
Ogdens, who operated the Arena and owned the team, sold out to another American company, SMG Europe, who decided to sell the team after one season.
Local businessman Gary Cowan took over, but just a couple of months into his second season in charge the team went bust.
Players went unpaid and season ticket holders lost out.
After a series of public meetings at Manchester Town Hall, it became apparent that the fans were desperate to keep ice hockey alive in the city and a new club was formed.
Phoenix competed last season in the new Elite Ice Hockey League. It proved a difficult campaign, but the low-budget team reached the Play-off semi-finals.
They needed crowds of 3,000 to make ends meet at the costly M.E.N. Arena. But attendances, while growing at the end of the season, averaged nearer to 2,000. And Morris, who funded the club, invested '250,000.
Now the club's future at the M.E.N Arena must be in doubt, and Phoenix are holding another public meeting at Manchester Town Hall tomorrow at 7.30pm to give fans a say. Tweet

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I would welcome a permanent home for Manchester Phoenix..IN MANCHESTER. The MEN Arena is a fantastic facility, the best not only in the UK, but in Europe. However, plain and simply it's just too big for the current levels of the fans supporting hockey in this country, even when we get a bumper turn-out of away supporters, such as for Sheffield or Nottingham games. It would make a great venue for the annual Play-Offs though. I look forward to the meeting at the Town Hall tomorrow and to hearing what Neil Morris has to say.
Sounds like events are happening all over again but GC at least started the new season before going bust.
Is the people that Neil is working with the same people he denied working with in his failed bid to bring proffesioanl ice hoceky to Altrincham.
Maybe the money that has been wasted this last year would if been better spent on a ice rink 12 months ago instead of paying imports wages with the loss of Ice Hockey development in the Mancheser area.
Is there any chance that Manchester Ice Hockey Club will be introducing a development scheme as recommended by the Elite League or is it going to cary on as it did last season as Storm 2 a import based team with NO JUNIOR DEVELOPMENT.
All very well if true but what will they do till it's built?
That would be just great, if ice hockey was to stay in Manchester. I have been a big fan of the Manchester teams since the Storm was formed back in the 90s. When Storm folded, i continued to support the Phoenix, and i think it would be just great if we could keep the team in Manchester. If we had a 3,000 seater stadium, we would almost sell it out every week, and that would create a better atmosphere, thus giving our team a better chance of winning. As it says in the article, east manchester would be a great place for a new arena as it is the 'sporty side' of the city. It also has good access with both Ashburys and Manchester Picc train stations nearby. We must keep Hockey in Manchester, at whatever costs. We need a new ice hockey arena. NOW IS THE TIME! C'mon Phoenix!
Fantastic idea it is a shame the finances where not available two years ago when Adventure on Ice had the land and business plan but not the financial backer. We could be looking at a new ice arena haveing been built instead of Altrincham past the starting post and Manchester and Bolton looking at feasability.
Then again better late than never Altrincham appear to be getting a new community rink and Manchester are looking at the feasability which I hope becomes a reality before the end of the decade.
Bring back the storm
Robbie Smith said " At least GC started the season before going bust" THAT was the problem! The season started even though it couldn't be finished and that's tarred any ice hockey team with the same brush. That's the reason Neil Morris found it so difficult to get financial backing. Whatever happens, he can count on me to be there.
I am amazed that a city like manchester cant hold its own in the hockey stakes supporters wise,I love coming to the m.e.n. arena and have many storm/phoenix fans as freinds.Wake up Manchester I support notts County by day and Panthers at Night,Get behind this sport you WONT be dissapointed.
I would welcome any move to a new ice rink in manchester 3,000 seating sure be a sell out for quite alot of games. The men is a great rink but is far to big for the support we get now but can be great for finals (the wembley of hockey) HOPE THESE DREAMS COME TRUE SEE YOU ALL SEPTEMBER GO PHOENIX GO
the council should help ice sports ice hockey in general they can afford thounds on a silly B OF THE BANG spikey thing wot about a ice rink building in the area
I am a keen ice skater and would support the building of an ice rink available to the general publicc.