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.