Fenway Park is an institution.  The oldest standing Major League Baseball stadium in the county is near and dear to Bostonian's, Massachusetts residents, and Red Sox fans around the world.

Year after year the historical venue draws hundreds of thousands locals and tourists to Kenmore Square neighborhood, but if a group of investors, including The Boston Red Sox, get their way, it looks like Fenway won't be the only draw on Lansdowne Street.

Fenway Sports Group, the parent company of The Boston Red Sox, and Concert behemoth Live Nation, want to build a 5,000 seat live performance venue aptly titled Fenway Theater.  If the project comes to fruition, it would be the largest indoor music venue in Boston.

Proposed for the triangle of land behind the park, between Lansdowne and Ipswich streets, the Fenway Sports Group hopes that the theater could make the neighboring area a year round destination, extending Lansdowne Street’s nightlife to the legendary  baseball stadium.

However, the project has a long road ahead, with no guarantees. The Boston Globe reports that a Red Sox spokesman described the theater plans as “preliminary” and provided no information on square footage, costs, and other key details.  In addition, no official documents have been filed, and officials say that there have been no in depth conversations about moving forward with the.