St. John's (Antigua), Jan 11 : Outgoing West Indies Cricket Board (WICB) chief executive Michael Muirhead has said definite efforts will be made to maximise the commercial potential of the newly acquired Coolidge Cricket Ground.

The venue, formerly known as the Stanford Cricket Ground, was recently acquired by the WICB and the Antigua and Barbuda government. Both entities will co-own and manage the facility, reports CMC.

In addition to the principal role of hosting games, the WICB said on Tuesday the facility would also be transitioned into a "full service space which will cater to a range of services including cricket matches, camps, entertainment and an exquisite dining experience".

"The transition will take place in phases over a three-year period," said Muirhead, who is expected to manage the facility following his departure from the WICB.

He said there would be "exciting opportunities" which would benefit both cricket and the island.

The ground will be the principal venue for the 2016 Regional Super50 which runs from January 24 to February 18 in Antigua and Barbados.

The Vivian Richards Cricket Ground here along with Kensington Oval, Windward Cricket Club and the 3Ws Oval in Barbados, will be the other venues utilised for the tournament.

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