Aberdeen Football Club chairman Stewart Milne is confident the club can be in a new 21,000 seater stadium at Loriston Loch for the 2013/14 season.
The Scottish Premier League side is hoping to get planning consent for the £35m stadium from the council in February and Milne believes it is vital to the future of the club.
Speaking at Aberdeen’s Annual General Meeting Milne said: "This stadium has a limited life and every year we stay here it costs us a lot of money. That’s just going to continue to increase. At some point we have got to make the move."
"If we don't move we won't have a viable club, it's as simple as that."
"We hope to get planning consent from the council in February. It will then be called in by the Scottish Office and we would hope for a decision before the break-up of parliament next year, around April.
"We then will go on to the contractor work and the aim would be to have all the funding in place by the first quarter of 2012 with a view to starting the project in the second part of 2012 to have the stadium ready to play in for season 2013-14."
Milne also revealed the club’s plans to fund the stadium, partly through selling current home Pittodrie.
"The estimated cost of the stadium is around £35million and the main funding areas are the sale of Pittodrie, a share issue and a long-term mortgage on the new stadium. We would see that raising £20 million," Milne said.
"There are other areas, naming right, rental, development money from the other areas and some other things we are working on in the background. Between all of them we can I would hope bring in a further £15million," he added.