LOUISVILLE CITY FC | Vote Delayed on Butchertown Stadium Development District

10/10/2017 05:07 PM

The Louisville Metro Council will vote on a $30 million bond for a new Butchertown Stadium Development District on Oct. 26.

The vote was originally supposed to take place this week.

“I want the Council to have the time they need to understand what a smart opportunity this is for our city,” said Louisville Mayor Greg Fischer. “This stadium will anchor a $200 million project that develops an underused, very visible swath of land and creates a vibrant new entertainment and retail space that builds on the momentum downtown, in Nulu and Butchertown. And the city’s sole investment is $30 million for the land – half of which will be repaid to us.”

According to a press release from the Mayor’s office, “The city’s $30 million portion would be covered by the general obligation bond — $25 million to buy the land and $5 million as a contribution to brownfield remediation and public infrastructure.”

The plan right now is to have Louisville City FC build a $50 million stadium and also serve as the “developer of the overall project.” The project includes “retail, a hotel and offices, built by private investment.”

Stay with Spectrum News as this story develops.

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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