Insider Louisville is reporting the agreement as lease-to-own. That is significantly different from ‘renting from the city’.
What are the details of the lease-to-own?
What are the financials of other clubs in cities of 600,000?
What are plans to reduce parking and increase public transit?
$185 to 200 million in private investment expected in the area for mixed use development (by whom? where? when? guarantees?)
$25 million to buy land
$ 5 million in public infrastructure
totals $30 million bond issue by Metro Louisville
$50 million spent by Louisville City soccer club to build stadium
$185 to 200 million in private investment expected in the area for mixed use development
$ 14.5 million paid by the soccer club in rent over 20 years
Creates needed employment.
Transforms abandoned oil tank facility.,
Destroys no valued architectural treasure.
Could be a good investment for Louisville.