The Arrowtown Bowling Club, which dates back to 1908, was last refurbished in 1994.
However, as the popularity of bowling increased and the versatility of the building meant it was in high demand by various groups within the community, club members decided about 18 months ago to look at a major renovation.
It had taken until recently to confirm $90,908 in funding.
Of that, SkyCity Queenstown Community Trust gave $2500, the Lottery Grants Community Facility Fund $28,408, Community Trust of Southland and Central Lakes Trust $20,000 each, and the Lion Foundation and First Sovereign Trust $10,000 each.
The club had also raised a "substantial" amount to go towards the refurbishment, expected to cost $130,000.
Club fund-raising co-ordinator Julie Hughes said 28 groups used the facility on a regularly, including the Arrowtown Cubs and Scouts, the RSA, the curling club and the "Thursday Club".
Additionally, the clubrooms had been used for gatherings following funerals and for birthday parties, seminars and team-building exercises.
"This facility is going to be updated for them - it's not just an old boys' club, it's a community facility that's here to be used.
"This has been talked about for a long time ... it's going to create the most amazing community venue," she said.
Club member and builder Gary Chalmers, of GF Chalmers Builder, had offered his skills to complete the work - along with "a few volunteers".
Physical work was due to begin on May 21.
The exterior wall facing the $200,000 green would be pushed out by 2m, with a cobblestone walkway remaining around the edge of the green.
That same wall would be fitted out with double-glazed, sliding windows along its length, enabling people inside the clubrooms to see the action on the green.
The internal ceiling would be raised by between 2.4m and 3m, with the centre ceiling at a higher level than at either side.
The acoustics would be improved to "stop the echoing effect" and a cohesive colour scheme, probably using the paint range "Arrowtown", would be applied throughout.
New blinds would be installed, along with new tables and chairs, allowing capacity for 80 seated, 100 people "comfortably standing" or a maximum of 250 with "standing room only".
The Arrowtown Planning Advisory Group was consulted about the project in April 2011 and supported the refurbishment. The exterior of the building will remain unchanged.
Mr Chalmers said he hoped the refurbishment would be completed within three months. An official function to open the new clubrooms was planned for the community and sponsors.
