The American has ambitious plans for the current Premier League leaders as the Reds try to generate more matchday revenue by increasing the capacity of Anfield to around (60,000).
The area surrounding Anfield is also set to be regenerated as part of a partnership between the Merseyside club, Liverpool City Council and Your Housing Group.
"We are making good progress," Henry told The Liverpool Echo. "There are a lot of different groups working very well together and that's the key to a big project like this happening, when everybody is on the same page. When everybody is on the same page, we move forward.
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