Temporary landscaping is to be put in place ahead of the final development proposal being determined.
The council has acquired and demolished 7 derelict properties, improved the ground conditions and dealt with shallow coal workings, to pave the way for the works.
As well as grassed areas and shrubs, the design of the temporary scheme will enable the open space to be used for events in the town.
A new pedestrian and cycle crossing on Pinfold Street will also be installed later in the year to ensure the route is easy, safe and convenient to use.
The link will run past the Bert Williams Leisure Centre, South Wolverhampton and Bilston Academy, through to Bilston Urban Village - where new and improved areas of open space will be developed this year and where up to 450 houses are being built - through to Ladymoor Pool.
Councillor John Reynolds, Cabinet Member for City Economy, said: "The development of the Bilston High Street link is important to the economy of the town. It ensures that the town centre benefits from the investment being attracted onto the urban village site.
"Bilston Urban Village is a key part of the wider regeneration of the city, bringing new homes, new jobs and more investment.
"All of this demonstrates our commitment to Bilston and ensures it will continue to be a thriving area."
While the final development is yet to be determined the council is keen to see the establishment of the route to the High Street. This follows the construction of the link across Pinfold Street car park in 2015.
- released: Tuesday 24 January, 2017