The new ground would see the FA Cup winners move from Fratton Park, their home since 1898, to a site at the "gateway" of the Hampshire city.
The creation of a new stadium is deemed essential for the club, which needs a larger capacity than its current 20,200. The development would also include an indoor exhibition centre/arena with a 10,000 capacity.
Copyright (c) PA Sport 2008, All Rights Reserved.
Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: http://gms.to/writeforgms