A feasibility study will determine if Missouri Western can get donations to add some key improvements.
"During this process we will be going out and interviewing some of our key constituents, alumni and so forth. It's to see if they have interest in those needs, if they think they're real needs," said Jerry Pickman, Vice President of University Advancement and President of the Missouri Western Foundation.
Pickman says the university is in the very early stages of this large scale project.
Missouri Western wants to add a music venue for Potter Hall, a performance hall bigger than the building's auditorium.
"Potter Hall, which hosts all of our art programs, was built in 1969. And we're really bursting at the seams there," Pickman said.
They'd also like to make improvements on the home side of Spratt Stadium, which do show signs of wear and tear.
Improving the football stadium makes sense; the Griffons won their conference for the first time in history last year, and celebrated their first playoff victory.
"We would like to see adding some suites to our stadium to add to our revenue generation. It really is that time. You're moving up in Division II and being a top-ranked team every year; it's time we give our fans an experience they can really enjoy," Pickman said.
Improving the arts and enhancing the athletic experience are expensive projects - they're estimating a price tag near $20 million.
Twenty million dollars is a significant amount of money for a university of this size. But as the school continues to grow and the athletic teams continue to get better, campus leaders think this is the perfect project to move it into the future.
And as big a project as this would be, Missouri Western has done this before.
In 2008, they started a capital projects fundraiser with a goal of $15 million.
The university celebrated in 2010, when it had exceeded that goal by raising more than $19 million.