Supporters say it could be a home run for downtown Augusta. Results of a feasibility study on a new multi-million dollar baseball stadium were released Thursday.

Mayor Deke Copenhaver along with some heavy hitters announced downtown Augusta could have a new stadium that could rival other cities by 2010. But, that's not all new businesses and hundreds of jobs could come with it. The ball park would be home to the Augusta GreenJackets and it would be built at the Georgia Golf of Fame's Botanical Gardens.

It's a vision that could give Augusta minor league baseball a major league experience.

“Other cities have these facilities. I've long said it's a quality of life issue and we need this to compete,” said Mayor Copenhaver.

It’s competition that comes with a hefty price tag of $31 Million, but supporters aren't just talking baseball, the new facility could handle everything from other sporting events, to concerts and family reunions.

The goal is to use the site year round. Ripken Baseball, owners of a stadium in Maryland, would manage the facility.

“I think you guys can only imagine if we pull off the ACC or SEC tournament in a location here what that would do for the city of Augusta,” said Jim Ripken, owner.

The site would also house new businesses, restaurants and offices which could bring in 900 jobs and additional revenue of $32 Million a year.

“I think people will have a tremendous source of pride in downtown. I think it would bring people down here who haven't been here in a long time,” said Jeff Eiseman, Ripken Baseball, Vice President.

But critics say parking could be a problem. There are only 4,500 parking spaces available with 10 minutes of the 6,000 seat proposed stadium. Another curve ball the city doesn't own the land. The state does.

“There are a lot of options if we could transfer ownership or lease it. Those are things we have to work through,” said the Mayor.

In the next 30 days the Mayor says he will determine the best way to finance the project. He and the finance committee are looking into revenue bonds or general obligation bonds, which must be approved by voters.