Greater Western Sydney hope a revamped Manuka Oval will lure more AFL games and international cricket matches to Canberra for decades to come.
The club has submitted an unsolicited $800-million plan to the ACT Government to redevelop the ground and its surrounds over eight years, including residential units, offices, retail space and a hotel.
The ambitious proposal, backed by construction firm Grocon, will see temporary stands replaced with new permanent seats and roofing to cover 80 per cent of the seating.
The upgrade will be funded by the commercial and residential development in the precinct.
"This will make it a much more attractive venue for the Giants to play in - as it will for cricket," club chairman Tony Shepherd told reporters on Wednesday.
"We'll be playing in a much better venue, the spectator facilities will be significantly enhanced, the player facilities enhanced, and the corporate facilities enhanced.
"And it's important for the fans; modern fans demand and expect better facilities. They don't expect to sit out in the rain and the sun, they expect to be able to get to the toilet and they expect to be able to get a pie and softdrink."
The Giants are almost midway through a $23-million, 10-year deal with the ACT Government to play four games a year in the nation's capital.
Shepherd hopes the project, if approved, will keep the club in Canberra beyond that.
But how many games they play is ultimately up to the AFL.
"We don't control that, our masters do that," joked Shepherd.
As well as AFL games, Manuka Oval last summer hosted the 2014-15 Big Bash League final, three Cricket World Cup matches and the annual PM's XI fixture.
The ACT Government have secured a four-year deal to play an ODI at the ground until 2019, but are yet to host a Test match.
Grocon were involved in building AAMI Park in Melbourne and the MCG Northern Stand redevelopment.