According to the full story on the Clubs Official Web Site, the plan as to build a 1400 all seater stand at the car park end of the ground, taking capacity up to 11,000. The initial cost would have been £30,000.
Speaking on the Clubs Official Web Site, Chairman Peter Phillips is quoted as saying "the economics were always marginal and when we discovered on Friday there would be an extra cost of over £11,000 to prepare the ground in time for the Bristol City match, the numbers no longer added up.
"Our largest gates last season were QPR, Brighton, Plymouth and Sheffield Wednesday. Three of these teams have gone up and Wednesday have just announced a compulsory membership scheme that is likely to reduce their away support.
"If the stand was not up in time for the Bristol game in August, it would have been very unlikely that the fans who are financing this project would get their money back, so after discussions with Ralph Beales who has led the supporter fund raising effort, we have decided not to go ahead."