The city of Edinburg announced a major plan that will upgrade the RGV Vipers home and will concert-goers pretty happy.

The construction of a new event arena is in the plans for early 2015.

Private investors hope to build the 115,000-square-foot arena that is expected to attract businesses such as restaurants and hotels as well as bringing big names in entertainment and the addition of 150 jobs.

It is estimated that the project will cost $50M to build and $45M annually for the area.