Boston United have revealed they want to move rivals Boston Town FC to their new out-of-town sports complex.
The new development will include facilities for corporate hospitality
Computer images of the new stadium were released at a news conference at the Princess Royal Sports Arena on the Boardsides on Monday.
Consultants were commissioned by the club to decide whether Boston should stay at York Street or relocate.
The £8m development will include a new ground for United, a hotel, and separate facilities for Boston Town FC.
Pilgrims chairman John Sotnick told BBC News Online the club was more than £1m in debt and losing more than £300,000 per season in corporate hospitality.
He added: "It's about increasing facilities for the community in general.
"It will provide community football pitches, crèche facilities, an increased incremental learning centre, a restaurant and corporate hospitality facilities including 10 executive boxes."
The Pilgrims expect to move to their new home in about four years' time.
The club is considering knocking down its existing York Street ground for residential redevelopment once the move to the new ground is completed.