"I'm hoping to get some plans on show very soon but It will look a million dollars when it's all done," said Stewart.
"It will be a 12,000-capacity ground with the capability of extending it to 16,000 and Stewart says he looks forward to the day when the club is playing there and also housing Championship football in it.
"This town needs a football club to be proud of, playing in a stadium to be proud of, providing facilities for our community to be proud of and we have an ideal site, close to the town centre, minutes from the bus station and the railway station," he added.
"There are always going to be sceptics and people who thought it wouldn't happen but I'm an ambitious person who, when he sets about a job, aims to get it done and I've always said it will happen.
"We have involved very professional people who have been involved in other stadia projects, gaining tremendous knowledge, and it has been done right.
"Rotherham Council have played a pivotal role and Council leader Roger Stone, Chief Executive Martin Kimber and the Director of Planning Karl Battersby have been magnificent and we are very grateful for all their continued help and support.
"We have a good understanding what is needed for it to be a success for supporters and to work for us commercially to provide financial stability for the club for years to come. It has got to have commercial activity around it.
"We are a club with no debt, and I am delighted for everyone concerned."
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