Plans for Louisville City stadium are unveiled

Louisville mayor Greg Fischerannounced plans for a development project that will include a 10,000-seat soccer stadium for the USL's Louisville City FC.

Home of their own. Lou City has been playing at Louisville Slugger Field, a Triple-A baseball stadium, for its three seasons. It has averaged 8,805 fans for 13 games this season -- third in the 30-team USL behind only FC Cincinnati and Sacramento Republic FC -- but it has said it cannot be economically viable without its own stadium.

The deal. Metro Louisville will pay $30 million -- half of which will be paid back -- to buy the land -- three parcels totaling 40 acres in Butchertown -- and upgrade the infrastructure. Louisville City will need 15 acres for the  stadium, which will cost $50 million, and use the remaining 25 acres for a million hotel, retail and restaurant development project.

Timeline. The deal needs the approval of the Metro Council, the Louisville city council, which could come as soon as mid-October. The goal is to begin work on the stadium in late 2018 and open in 2020. The rest of the project would be completed over the next decade.

MLS in the picture. Fisher said Louisville wants to compete for an MLS franchise -- even though Louisville is not in contention for what league says will be the final four expansion spots in the league -- and having a soccer stadium -- which would need to be expanded -- would help that effort.

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