LOUISVILLE, Ky. -- Louisville City FC is aiming to turn Butchertown into a soccer destination.
The club has announced they have 40 acres of land near Spaghetti Junction under option to build a $200 million, 10,000 seat stadium and retail development.
Team chairman John Neace says it was about 120 days from when the site was identified to the announcement of the location.
The team says the project will be mostly privately funded with some contributions from the city and funds from a possible TIF district.
Neace says the stadium is being designed so it can easily be expanded to 20,000 seats in anticipation of an MLS expansion bid in the future.
Team officials hope to close on the property by the end of the year and start work in early 2018 with the stadium to open in 2020.