03/19/2014 19:19 EDT | Updated 05/19/2014 05:59 EDT

Committee favours $10M loan for BMO Field improvements

The city’s executive committee voted in favour of a $10-million loan that, if approved by council, would be used to help renovate BMO Field.

It’s all part of a proposal to make the stadium capable of hosting Toronto Argonauts games.

The full cost of the proposed expansion project is $120 million, a plan which would seek $10 million in matching funding from both the federal and provincial governments.

Click on the video above to see a full report from the CBC's Natalie Kalata.