Significant miscalculations were made with respect to the budget required for the stage 3 redevelopment and consequently several aspects of the original plans were scaled back by the Geelong Football Club in November 2011, including the removal of the proposed supporters lounge and decreasing capacity by 1,000 seats. The new grandstand was named the Players Stand in August 2012 and from 1 November 2011, the venue became known as Simonds Stadium, after homebuilding group Simonds Homes signed a five-year naming rights deal.