	In July 2014, it was announced by the RDS and Leinster Rugby that a design competition was being held to develop the arena into a 25,000 capacity world class stadium, with work expected to commence on the redevelopment in April 2016. The selling of naming rights to the arena will be a key component in funding the project, with a budget of at least €20,000,000 being proposed. A consortium of architect firms, Dublin-based Newenham Mulligan Architects and London-based Grimshaw Architects, won the international design competition for the multimillion-euro redevelopment of the RDS Arena.