UK football club Wolverhampton Wanderers (Wolves) has announced plans for a £40m ($64.24m) redevelopment of the Molineux Stadium located in Wolverhampton, England.
The redevelopment work, planned to be undertaken in three stages, will begin in May 2011 with the demolition of the existing Stan Cullis stand in the stadium.
The stand will be replaced by a two-tier structure, which will increase the capacity of the stadium from 29,408 to 31,700, at a cost of £16m ($25.69m).
In the second phase, the Steve Bulls stand will be demolished and rebuilt adjoining the Stan Cullis stand, increasing the stadium's capacity to hold 36,000 people.
The third phase will involve removal of the roof over the Jack Harris stand and installation of a second tier, adding another 1,000 seats to the stadium.
Plans also include construction of a new club store, museum, cafe and hospitality facilities in the premises.