Glentoran are set to construct a new £9.2m 8,000 capacity, 6,000-seater stadium on the site of their existing Oval grounds in East Belfast.
At the club's Annual General Meeting on Monday night, supporters approved a board recommendation to demolish and redevelop the Oval.
Funding will come from the Glens' share of the NI Executive's £110m sports grounds improvement programme.
Alternative sites at Sydenham and Titanic Quarter had been considered.
The club have settled on the complete reconstruction of their present site, with additional money being raised from the sale of surplus land for social housing.
New 3G pitches and training and community facilities will be created at the adjacent King George V playing fields as part of a partnership with Belfast City Council and Belfast Metropolitan College.