Weston-super-Mare chairman Paul Bliss believes the planned Optima Stadium redevelopment can be crucial in pushing the club on.
The plans were announced earlier this week and include the construction of 99 apartments and a new stand.
Bliss told the club’s website: “I bought the club in 1986 and sometime later negotiated a land swap and extension to our lease to a 99-year lease. This lease was key for the final move to Woodspring Stadium in 2004; this move allowed the club to split the proceeds of the sale of the land to Barratt’s on a 50/50 basis with the council.
“This was the first move that meant the club owned its own site; this is now key to the final development that we are now proposing.
“This development will mean that the funds from the sale of the residential development can be reinvested into the club facilities and achieve our aspirations of playing at the highest level possible.”