Although no further details have been released, it appears the proposed team would be for the Canadian Professional Soccer League, and the size of the stadium would likely be 2-5000.
From Global News:
Canadian Premier League Soccer (CPL) is working with ownership groups to establish a new professional franchise in the Lower Mainland.
“We can confirm a group of local business leaders have submitted a proposal to the City of Surrey representing a future franchise in the Lower Mainland,” CPL spokesperson Greg McIsaac said in an email.
https://globalnews.ca/news/3800718/s...-team-stadium/