Despite the hall of fame being introduced in 1994 and now having almost 300 members, it has no physical presence.

But it could soon have a home at Bomberland, with the club to include it as part of their proposed $20 million upgrade.

Essendon met federal government ministers in Canberra on Tuesday as they hope to raise half of the funds themselves and look for outside help for the rest.

The extension would also include state-of-the-art training facilities for Paralympians.

Essendon CEO Xavier Campbell sees the hall of fame as a natural fit for the club after four-time premiership coach Kevin Sheedy's contributions on and off the field to the community.

"The football club and a lot of the pioneering work of 'Sheeds' in the '90s has got a really strong relationship with Indigenous Australia," Campbell said.

"The Aboriginal and Torres Strait Islander sports hall of fame has got a rich history and it's been in hiatus now for the best part of 15 years.

"For us to house that at Tullamarine and have a facility and a destination point where Indigenous people feel welcome is really important."

Olympic gold medallist and former senator Nova Peris said the hall of fame needed to happen.

"You've got the Australian sporting hall of fame at the MCG, but for us, it's not just us celebrating or recognising our achievements in sport, it's telling the journey," Peris told Fairfax Media.

"It's sort of a bit shameful that in 2018 this hasn't been done before."

Along with the hall of fame, the Bombers are setting up accommodation for children from remote communities to be involved in their football program.

Campbell says the Bombers are looking to have a "third" of their list come from a remote community when they enter the AFLW, likely in 2021.

Australian Associated Press