LOUISVILLE, Ky. — The mayor of Kentucky’s largest city wants to spend $30 million to help build a 10,000-seat soccer stadium.
The Courier-Journal reports Louisville Mayor Greg Fischer says the city will spend $25 million to buy the land for the stadium and another $5 million for infrastructure improvements. The stadium is projected to cost $200 million and would house Louisville City FC, a professional soccer club that plays in the second-tier United Soccer League.
Fischer said the stadium would help revitalize neighborhoods near downtown and help the city attract a Major League Soccer franchise. He said the team would repay the city $14.5 million over the next 20 years.
The Louisville Metro Council still must approve the deal. Officials hope the stadium can be open in time for the 2020 season.
Information from: The Courier-Journal, http://www.courier-journal.com