We describe a project for the installation of a visible focal instrument at the CHARA Array, named VEGA for Visible spEctroGraph and polArimeter. This new instrument will further open the visible domain and offer both spectral and polarimetric capabilities at the CHARA Array. It will create a new and unique scientific niche for the CHARA Array, especially in the context of international competition. The combination of the visible domain and high spectral resolution mode combined with a good sensitivity will allow VEGA/CHARA to carve out a new piece of observational phase space and compliment many existing or planned near-infrared interferometers. VEGA will help make CHARA the interferometer with the largest spectral and spatial resolution worldwide.