Plymouth City Council have approved plans for the redevelopment of the old Grandstand at Home Park - with a retail and leisure complex.
Argyle Chairman James Brent has been seeking permission to start construction on the project since he took over the club back in 2011.
Proposals included a number of controversial developments including a cinema and an ice rink positioned close to the ground.
The club want to start construction in the spring of next year - with completion earmarked for the following year.
It would take the capacity of Home Park to over 20,000.
A man has been shot with a non-lethal round by armed police in the South Hams.
The incident happened in Barnfield Walk, Kingsbridge early this morning. Police say a 32-year-old man was arrested at the scene and is currently in hospital.
His condition is not thought to be life-changing or life-threatening.
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