It'll replace and reupholster seats, move the orchestra pit under the stage and repaint the auditorium.
Marines Sign Record Deal On HMS Victory
King George VI could scale the charts - as his famous war speech is included on a new album.
It has been set to music by the Band of HM Royal Marines who've signed a major record deal with Universal in Portsmouth.
George's famous oration was the subject of Oscar-winning movie The King's Speech, which became a box office hit this year.
The king overcame his stammer to get to grips with public speaking, eventually delivering a 1939 radio broadcast on Britain's declaration of war on Germany.
The recording will be heard over the Marines playing Eternal Father (For Those in Peril on the Sea).
George VI was a serving naval officer, joining as a cadet in 1909 and reaching the rank of admiral in 1936, when he became king on his brother's abdication.
The Marines signed their record deal on Nelson's ship HMS Victory in Portsmouth, marking Trafalgar Day.
The album, Summon The Heroes, is to be released on Universal's Decca label on November 14th, and will also feature a choir of serving sailors from HMS Illustrious who have recorded Rod Stewart's Sailing.
Principal director of music for the Royal Marines Lt Col Nick Grace said:
''The Band of Her Majesty's Royal Marines has a reputation of musical excellence and marching precision.
''When combined with another world-class outfit, Decca Records, I am sure the finished product will be one of the highest quality.''
The band dates back to the mid 18th century with musicians playing before and even during battles.
A number of the musicians who feature on the album have served in Afghanistan.
It's thought to have been taken in Southampton the day before she set sail in April 1912.
Blue Funnel Ferries confirmed a takeover this week of the struggling service across Southampton Water.
Firefighters say no-one has been hurt in a fire that started around midday on Empress Road. (Picture @MatthewRBroad)
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