EXPOSITION PARK (CBSLA.com) — The Los Angeles Football Club Monday announced new details regarding plans to build a new stadium in the Southland.

The franchise, which will join the Major League Soccer league in 2018, revealed the stadium proposal in Exposition Park on social media Sunday.

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The $250 million project will be the country’s costliest privately-financed soccer stadium, according to the Los Angeles Times.

The proposal includes the demolition of the 56-year-old Sports Arena to make way for a 22,000 seat stadium including a conference center, restaurants and a soccer museum, the Times reports.

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Details were announced at an 11 a.m. news conference.