The club wants to transform the mothballed former Tesco's store next to Palmerston Park into a training facility with two indoor pitches. The club chairman, Billy Hewitson, believes that work on the project could start within six months.
He estimates that it'll take at least half a million pounds to convert the building and the bulk of that money could be raised from the Scottish Government.
It's stood empty since Tesco closed it in 2004 after they build a larger one in Cuckoo Bridge.
More top news
Alex Salmond has announced his intention to end a 24-year career at the forefront of Scottish politics. Here is a brief look at his career.
A look ahead at the weekend weather forecast for the Border region
Alex Salmond announced he will stand down as Scotland's First Minister and SNP leader after voters rejected independence in the referendum.