(Reuters) - Crystal Palace have announced plans to redevelop Selhurst Park in a project that could cost up to 100 million pounds, the Premier League club said on Monday.
Palace will build a new five-storey main stand at their home of 93 years which will increase the stadium capacity from 26,000 to more than 34,000.
The club said plans will be submitted to Croydon Council in January and, subject to planning permission being granted, work will begin in the next 12 months.
The project is being designed by architects KSS, who have redeveloped sporting venues including Twickenham and Wimbledon.
"We need a stadium that reflects who we are, how far we have come and where we want to go - a stadium that south London can be proud of, a home worthy of our incredible support and unique atmosphere and this great Premier League we represent," Palace chairman Steve Parish said in a statement.
"We have worked long and hard and looked at several options over the years, including returning to the original site of Crystal Palace, which wasn't viable.
"While we can't go back to it, we can build a new one and today I am proud, in conjunction with our partners KSS, to introduce a new Selhurst Park with a new Crystal Palace for a new era."
The improved facilities also include plans for a bigger pitch, increased to 105 metres by 68 metres, making Selhurst Park compliant with UEFA regulations and eligible to host European competitions.
(Reporting by Hardik Vyas in Bengaluru, editing by Ed Osmond)