In November 2004, Tennessee Athletics unveiled its Master Plan for Neyland Stadium, which will serve as a long-term solution to the issues currently facing the facility and prepare it for its next 75 years of service to the Volunteer nation. The proposed improvements included:
Renovations to Neyland Stadium will take place in a separately funded, phased approach, to ensure fiscal responsibility:
The Neyland Stadium Master Plan renovations must be entirely funded by private leadership donations and annual revenue generated by priority seats, East and West Club, and Tennessee Terrace seat contributions. No university funds or taxpayer subsidies are planned to be used in financing the projected $200 million in renovations.