- Associated Press - Friday, October 27, 2017

LOUISVILLE, Ky. (AP) - A public-private partnership will fund a new soccer stadium and mixed-use development in Kentucky’s largest city.

News outlets report the Louisville Metro Council approved four measures related to Louisville City FC’s Butchertown stadium development district, including a $30 million bond to finance the city’s portion of the project.

Louisville City FC owners are required to spend at least $130 million in private capital on the 40-acre development and repay $14.5 million to the city.

The team currently plays at the Louisville Slugger Field baseball park, but must move to a soccer-specific stadium by March 2020 to remain a member of the United Soccer League.

Louisville City FC board member Tim Mulloy says the club hopes to get the necessary state approval for a tax-increment financing district by May.

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2021 The Washington Times, LLC.

Please read our comment policy before commenting.


Click to Read More and View Comments

Click to Hide