In a move that's creating concerns among veterans groups, the city of Seattle announced Wednesday an agreement that allows Memorial Stadium to be torn down.

Veterans are worried about the redevelopment because a wall listing the names of fallen soldiers in World War II is part of the stadium complex.

Memorial Stadium is part of Seattle Center, but it is owned by the Seattle School District. The city wants the land so the center will have more open space for outdoor events.

Frank Albin commands Seattle American Legion Post number one, served in the Marines and earned a Purple Heart for wounds suffered in the Korean War.

"It certainly is of great importance to people who understand and who were around in World War II. Even today everything is changed based on that war,” Albin said.

Under the agreement announced Tuesday, the city will buy the stadium site from the school district. The stadium will be torn down, a new amphitheater will be built on the site to be shared by the city and school district and the memorial wall will be moved to an as-yet-undetermined "place of honor."

“A lot of people have strong feelings about the stadium and the memorial as one entity,” Albin said.

The names of 762 soldiers are engraved on the wall.

If one good thing for veterans comes from this plan, the names may no longer be surrounded by a parking lot and shrubbery.

“It should be in an area where people are going to see it and reflect on it about the cost of blood and treasure and what wars do. And we've got two of them going on in Afghanistan and Iraq,” Albin said.

The initial cost of the project is expected to be about $2 million. The city said it does not know yet where the money is coming from, but it has an option to act until 2015.