Due to be completed in 2011, the project will create new areas for hire at the site, which includes a a 3,000-seat stadium and a 5,000-capacity indoor training and events area.
The area outside the stadium will be able to fit 35,000 people and has been designed for festivals, fairs and outdoor concerts.
"Corporate and event organisers will be able to hire out the whole venue exclusively and all our packages can be tailored to each company's individual needs," director of Eirias Park Joh Hardy told Event.
"The park is a bowl shape and features a lake at the end, making it ideal for firework displays and outdoor events."
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