The Hamilton Tiger-Cats will continue to call Ivor Wynne Stadium home.
Ticats owner Bob Young and Hamilton mayor Bob Bratina announced a proposal Tuesday to refurbish the stadium.
The plans include demolishing and rebuilding the south stands while improving the north side.
Stadium capacity would be reduced to 25,000 from 30,000.
The deal, which still needs to be ratified by Hamilton council, ends months of wrangling over the site of a new stadium for the city. The facility needs to work as a site for soccer for the 2015 Pan Am Games as well as mollify the Ticats who have been playing for 60 years at antiquated Ivor Wynne.
The city wanted to build a new stadium in the west harbour lands, while the Ticats countered with a plan for Confederation Park.
"I want to thank Mayor Bob Bratina for finding a way to win the substantial funding of the Pan Am Games for Hamilton and to ensure the Tiger-Cats will continue to play in Hamilton in the future," Young said. "I am especially pleased that the 'sacred ground' of so many great Tiger-Cat football moments will remain our home in a new, state of the art facility that will be a showcase in Canada's league."
A 20-year lease agreement is also on the table.
Said Ticats president Scott Mitchell: ďThis is about the community this is about Bob (Young) wanting to make sure the team stays in the community.Ē
Itís unclear where the team will play their home games during construction, which is expected to begin in 2012.