Pittsburgh Riverhounds owner Tuffy Shallenberger revealed a planned expansion to the soccer team’s stadium on Pittsburgh South Shore on Tuesday.

Capacity is expected to triple to 15,000 with more premium seating, a club with banquet space and suites. It also will allow the venue to host additional events, including concerts.

The expansion positions the Riverhounds to meet U.S. Soccer’s Pro League Standards for Division One sanctioning.

“Since 2014, we have invested significant capital and effort into this stadium and growing soccer around the area. Now, we have a major opportunity to continue that growth,” Shallenberger said. “This expansion is going be great for our fans and allow us to take our teams to the level we want to reach, but it’s also going to bring additional events here that will help the entire Pittsburgh community. We’re excited to start and take this next step forward.”

Riverhounds officials estimated the stadium would generate $243.4 million in total new taxes to the City of Pittsburgh, Allegheny County and the Commonwealth of Pennsylvania, in addition to the construction by local labor unions.

“The Pittsburgh Riverhounds are committed to the continued growth of our sport, and our stadium,” Shallenberger said. “This community, all around Western Pennsylvania, has supported our team for a long time, and we want to keep getting bigger and better to make them proud.”

This story will be updated.