Scotstoun would receive a £9.95 million face lift with two new 5000 seater stands. It would then become home to Glasgow Warriors. There are also plans for a new indoor athletics facility in the east end of Glasgow.
Council leader Charles Gordon will officially unveil the blueprint this week and if it is approved by councillors it will then submitted to the Scottish Executive and Sportscotland.
It is hoped the Scottish Executive will fund £20m of the cash from a £50m National and Regional Sports Facilities fund announced last year by it and Sportscotland, with the rest being paid for by Glasgow. If approved, the facilities could be ready by 2008.