In April 2017, the Victorian Government announced an investment of $3.9 million in the upcoming state budget to fund the planning and design stage for Stage 5 of the redevelopment. The proposed redevelopment would be the final part of the more than decade-long process to increase the capacity of Kardinia Park to 40,000 and will result in the Ford Stand and Gary Ablett Terrace being removed for the new stand to ring around the remaining open-air section of the stadium. In November 2020 the government revealed it had assigned $142 million to complete this final stage of the redevelopment. The new grandstand will hold 14,000 spectators and will include function rooms, administrative offices and cricket warm-up facilities. Construction is scheduled to commence in September 2021.