The English football club Everton have plans to move to a new stadium with a proposed capacity of 52,000. If the plans will be approved in 2020, it will probably take around three years to complete the construction of the venue. The management of Everton Football Club claims that the stadium will provide a huge boost to the economy of Liverpool if it will be built. The 39,000-capacity Goodison Park, the current home of Everton Football Club, will be demolished if the proposed stadium will be built. Everton have been tenants of their current home venue, which is also known as The Grand Old Lady, since 1892.