Louisville Purchases Land for Louisville City FC Stadium Project

Louisville City FC stadium rendering

Louisville Metro Government has moved forward with land acquisition for the new Louisville City FC stadium, marking the latest step for the project. 

Last month, the Louisville Metro Council approved a $30 million bonding package for the stadium project. Slated for the city’s Butchertown neighborhood, the complete stadium development plan is slated to cost $200 million, and is expected to include additional amenities such as housing, retail, a hotel, and offices.

Records confirm that Louisville has closed on three properties for the project. A local official expects that the city will close on a fourth property later this week. More from The Courier-Journal:

Hours before Louisville City FC secured a championship Monday, the city secured deed rights to land for a stadium development district that is to include a future home for the soccer club.

Louisville Metro Government paid $17.4 million for three pieces of land in the Butchertown neighborhood, according to deeds registered with the Jefferson County clerk’s office.

The mayor’s general counsel, Jeff Mosley, said the city expects to close this week on a fourth piece of land occupied by Extra Space Storage. The mayor’s office previously said it would pay $6.7 million for the property.

As part of the agreement, Louisville City FC’s owners are required to spend $130 in private capital for the project, a figure that includes $45 million for the stadium. In addition, the club is expected to pay $14.5 million back to the city. The 10,000-seat stadium has an estimated opening of 2020, and would replace Louisville Slugger Field as the home of Louisville City FC.

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