LOUISVILLE CITY FC | LCFC Secures $21.7 Million in Tax Increment Financing

05/31/2018 12:13 PM

Louisville City FC announced on Thursday that it has received $21.7 million in tax increment financing (TIF) for the club’s Butchertown stadium development site.

The TIF allows LouCity FC to move to the next phase of the project, according to LCFC Executive Vice President Brad Estes.

“This is the true definition of a public/private partnership,” said Estes in a press release. “Our ownership has demonstrated great vision in building this club, but the support in Louisville and in Frankfort have been equally key to our success. To say we are thankful is an understatement.”

Construction is set to begin in August at the stadium development site.

The total cost of the project is estimated at $193 million.

Andrew Chernoff

Andrew is a sports anchor and sports managing editor for Spectrum News. He covers sports all across the state of Kentucky for Sports Night, which airs weeknights at 6:30 and 10:30 on Spectrum News. Andrew was a sports anchor and reporter at KFDM/KBTV in Beaumont, Texas for four years before making the move back home to the Midwest. He is originally from Carmel, Indiana and majored in broadcast journalism and political science at Syracuse University.

When he’s not on the air or in the field covering sports, you can likely find Andrew playing golf, watching IndyCar and Formula 1 races, or exploring the state of Kentucky. His favorite sport is open-wheel racing. In fact, he has not missed an Indianapolis 500 since the early 2000s.

Whether he is working sporting events or not, he always loves talking sports. He is a prolific tweeter, so if you want to stay “in the know” about sports in the Bluegrass, follow Andrew on Twitter @ADChernoff. If you have a story idea for our sports team, send it to Andrew at Andrew.Chernoff@charter.com.


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