Football club St Patrick's Athletic has revealed plans to develop a new 12,000-seater stadium in Inchimore.
The scheme would also include a new shopping complex and new houses.
St Pat's said the stadium construction would be financially independent and not reliant on government funding. Dublin City Council will decide on the site's future in the coming months.
The stadium will be a state-of-the-art facility falling under UEFA Category 3, and currently has a working title of Richmond Arena. Further plans include developing a surrounding area that incorporates new retail and leisure facilities, such as an indoor sports hall and library.
President of St Pat's, Tom O'Mahony, called their proposal a "game-changer" not only for the club but for the Inchimore area.
"It would give our supporters an ultra-modern stadium which would also be suitable for a wide range of community events," he said.
"It would transform Inchicore and would realise the City Council's vision of a vibrant, high-quality urban quarter. We will now engage with the City Council to discuss our plans and we hope to have an opportunity to play a leading role in the regeneration of our neighbourhood."
(CM/LM)
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