The home of Essex County Cricket Club is set undergo a significant revamp after funds for the project were secured.
An agreement between the club and Chelmsford City Council has been reached and it will see £80 million invested into the redevelopment of the ground along with the surrounding area.
The side currently play their matches at the County Cricket Ground in Chelmsford and have been doing so since 1925 and officials have long been calling for the improvement of the stadium. However, these plans will also entail the construction of apartments blocks among a host of other things.
Negotiations between the club and the council have been ongoing since 2004 and were originally approved in 2010. Now the proposals have been officially signed and work is due to begin in the coming weeks and months. Club treasurer Keith Brown has already described the agreement as being a "landmark" in the history of Essex cricket and is due to benefit future generations of both players and fans in the immediate area.
Plans that have been unveiled will see the construction of apartments around the ground, which will help to finance the creation of a new pavilion, as well as a cricket school, car park, public square and bridge. It is aimed at bringing Essex to the fore as one of the most prominent cricket teams in the UK and carry on the proud 140-year history of the club.
Despite a relatively successful past, Essex had a disappointing 2012 campaign in the league finishing fifth in the LV County Championship Division Two, picking up just three wins from 16 matches.
While their performances at county have been disappointing the club's Alastair Cook has been excelling at international level. He was handed the England captaincy in August and has been a focal point of the team since he took over the mantle.
There is not a confirmed date of when the work will begin, but when completed will provide a huge boost for Essex.
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