Aussie Rules great Gary Ablett Senior is set to be immortalised at the home ground that made him a legend.

Ablett's name is likely to adorn Geelong's new Northern Stand when stage three of the Skilled Stadium's redevelopment is complete.

The Victorian government has chipped in $25 million towards the latest development phase, which is expected to start at the end of this season and be complete within two-and-a-half years.

Cats CEO Brian Cook said it was envisaged some years ago that Ablett would have a stand named in his honour.

"That's a strong possibility," he said.

"That was an interim decision that was made but would have to be reinforced by the board of the time."

Skipper Cameron Ling gave the proposal the thumbs up.

"It looks like I've been bypassed," he joked.

"I think I'd be pretty happy with Gary Ablett."

The new Northern Stand will boost the ground's capacity from 30,000 to 35,000 people, injecting $4.4 million into the local economy per game, up from $3 million.

"Which means for the first time we can actually go out and promote seats to our opposition, people don't know that we haven't actually been able to do that," Mr Cook said.

"It's (the $25 million) an outstanding contribution, one that we're very appreciative of and we're just hoping that it kick-starts some further funding to make up for the rest of the $75 million."

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