LOUISVILLE, Ky. -- The city will buy the land needed for a new stadium for Louisville's professional soccer club.
Mayor Fischer announced city government will invest $30 million to purchase the land in the Butchertown neighborhood. It will be covered by general obligation bond.
Fischer says no city money will be used to build the 10,000-seat stadium. That cost will be covered by the soccer club.
It's all part of a $200 million development project that will include the stadium and hotel and retail space.
Fischer say the stadium will help Louisville compete for a Major League Soccer franchise.