The proposal will include a hotel and supermarket complex and is set to go before planners in the next few days.
"At a time of doom and gloom this is a good news story for Scottish football," said chairman Sid Columbine.
A fourth generation artificial surface would be laid and there would be a similar synthetic training pitch, as well as a grass training pitch.
The facilities would be available for community use.
There are also plans to include a 'college-type' facility at the new development, which Columbine hopes will be ready in two years.
"The ground is there and we are ready to start right away if we get planning permission," he added.
Source: BBC Sport
Source: BBC Sport