Steven Gerrard hopes there are "many more fantastic memories to come" for Liverpool at Anfield after the club confirmed the stadium expansion is set to begin.
A £100 million Main Stand redevelopment will see its capacity rise by around 8,500 seats, meaning the stadium will be able to hold 54,000 spectators.
Captain Gerrard has yet to decide whether to commit to an extension to his current Liverpool contract, which expires at the end of the season.
But the 34-year-old, who has spent his entire career with Liverpool, is thankful Anfield will remain home to the club who have been English league champions 18 times.
Liverpool abandoned plans to leave the stadium for a larger new home two years ago, and news that building work will start on Monday has highlighted a long-term commitment to the arena.
Gerrard said: "It's very exciting news that we have finally got around to extending Anfield. For me, it was all about staying at Anfield. As much as I like new stadiums, I'm more traditional and I like the old stadiums like the Camp Nou and places like this, where all the history and all the memories happen."
He added: "There have been so many unbelievable nights and memories here, it would have been a shame to leave it all and for this to have become houses or apartments.
"Now that they are going to extend the stadium, it's going to become even bigger, better and noisier. Hopefully there are many more fantastic memories to come."
Liverpool manager Brendan Rodgers believes increasing the number of supporters that can pass through the Anfield turnstiles is key to the club's long-term success.
"It's very important. When you look across the globe and football, some of the stadiums hold up to 80,000 or 90,000 people," Rodgers said.
"So it's very important commercially and very important for football that's aligned and it benefits the football club, because first and foremost there are more supporters getting in.
"It is vital to have another tier on top of the main stand here and that will be amazing. Obviously commercial revenue is very important in football and how that can be built up allows you to compete in the future."
Meanwhile, Liverpool chief executive Ian Ayre has not ruled out taking Anfield's capacity beyond the 60,000-mark in the future, but insists it does not make financial sense at this stage.
"It's going to become even bigger, better and noisier. Hopefully there are many more fantastic memories to come." - Steven Gerrard
Phase two of the proposals will see an expansion of the Anfield Road end to take overall capacity to just under 59,000.
With a season ticket waiting list stretching into the tens of thousands, it is unlikely to satisfy the demand for match tickets, but Ayre stressed the proposed new numbers fitted the business plan.
"Never say never, people say. I think it is too difficult to answer that question," Ayre said when asked whether expansion had reached its limit with the latest proposals.
"We have great experience from our owners (Fenway Sports Group) who have achieved something similar at Fenway Park (home of Boston Red Sox baseball team) and we are always looking to improve the stadium and you just don't know where this thing goes over time.
"We think the capacity we are aiming for ultimately is around the sweet spot for Liverpool - but that could change.
"Sweet spot has a number of points to it: one is the cost to develop and the return on that investment.
"If you spend £40million on a stand and you get 5,000 general admission seats, that takes a long time to get that back, so you have to find a solution and other ways to make that return quicker.
"The 60,000 capacity as a construction cost feels like the right solution to be able to be sustainable and build the business from, so in that regard that is why we feel that is the right number.
"For now we feel we are on the right track and we feel the range of facilities and the quality and authenticity is the right fit for now and years to come."
In recent weeks, protests over ticket prices have taken place at Anfield and the fact more than half of the new seats in the redeveloped Main Stand will be non-general admission will have done little to assuage those complaining that ordinary fans are being priced out.
The club will meet with supporters' representatives next week and Ayre is confident they can still keep fans onside.
"We built the economic model on the basis of having a range of prices, as we do today," he added.
"We have said all along we absolutely recognise there needs to be some affordable pricing and tickets in the stadium and that is the case today, but maybe there can be more of that.
"More importantly for us is people understanding why we increase prices: they have largely increased in line with inflation and, if you look at players' wages, transfer fees, they are not going down either. We always want to try to find the right solutions for our fans."
Away from the stadium issue, Liverpool have sent striker Daniel Sturridge to train in Los Angeles for two weeks to help in his rehabilitation from a thigh injury.
The England international has not played for the club since August 31.
