Cornwall Council will gather on 28th March for the preliminary meeting before a choice on the Stadium for Cornwall plans are made by the full council on 17th April.
For the plans to go ahead the three parties, who currently have £6 million in place, will require funding from the council and beyond that have requested the government match the Cornwall Council’s input.
Cornwall Council previously said they would not look to public funding but it will be considered and voted on by the full council in April.
Cornish Conservative MP Derek Thomas says he is hopeful the government will put £3m into the pot for the proposed plans.
This £3m will contribute to the current £6m funding gap that hangs over the project, leaving the Cornwall Council with £3m still to raise.
Debate on raising this money has fiercely divided opinion with the emphasis surrounding who should fund these plans and this debate has been heated up by the recent news of a 5% council tax increase for Cornish residents.
Dulcie Tudor, Liberal Democrat local councillor, told BBC Radio Cornwall: “I just think it’s a bit rich, last week the tax bills landed on people’s doors with a 5% increase directly as a result of government cuts to the Cornwall Council budget so I think they should stump up the whole £6 million.”
Former Olympic rower Annie Vernon, who is now an ambassador for the Stadium for Cornwall said: “It is right that Cornwall Council have the final say whether they should be involved in the stadium project all I can say to them is, the business case is the strongest it could possibly be and the partners in the project are the strongest partnership that we could bring together.”
“So all we can say to the Council is – look this is a safe bet, this is a sound investment that has demonstrable economic benefits but it is up to them to make that decision.”
The Stadium for Cornwall would offer a home for Cornwall’s top sporting sides with the ground to be shared between Rugby side Cornish Pirates, Football Club Truro City and Truro and Penwith College.
The plans would see the stadium built at a site near Threemilestone just west of Truro, it would see the stadium have a capacity of 6,000, with 4,000 seats and space for 2,000 to stand.
The plans would eventually allow the Cornish Pirates to move up into the Premiership and compete with the best if the opportunity presented itself.