Wasps have unveiled Wycombe Air Park at Booker, just outside High Wycombe, as their preferred site for a new 17,500-20,000 stadium.
The Aviva Premiership club hope to develop a sports village at the site in conjunction with npower League Two outfit Wycombe.
Steve Hayes, owner of Wasps and Wycombe, said: "We want to move forwards.
"Investing in a new community stadium and sports village means that the clubs can develop their playing and non-playing sides."
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