The former mining community is being transformed as part of the Castleford Project, which has been dubbed the world's first 'televised regeneration scheme' because of the ongoing coverage by development partner Channel 4.
Funded by English Partnerships and drawn up in collaboration with architect BDP, the space incorporates a disused colliery wheel and wrought iron bollards by artist Anthony Gormley - of Angel of the North fame.
In addition the scheme, which is planted with oak trees, shrubs and grass, includes a bridleway, a six-metre stone 'finger' and a children's play area.
Tomorrow the green will be officially handed over to the public by planning and housing minister Yvette Cooper, who is also the MP for Pontefract and Castleford.
Cooper said: 'This is a beautiful green and a great tribute to the work of both local residents and English Partnerships.
'It is wonderful to see our coalfield communities being regenerated and proper investment for high-quality projects in the area.'
She added: 'This is part of a wider programme of investment and regeneration across Castleford which is really putting the town on the map.'
The green is the fifth scheme to have been completed as part of the wider regeneration of the town and the surrounding area.
Another six improvement projects, including a new pedestrian river bridge and town centre revamp, are in the pipeline.