E: info@sportsvenuebusiness.com

North Carolina FC Downtown Raleigh Stadium Announcement for #919toMLS

North Carolina FC have ramped up their bid for a Major League Soccer (MLS) expansion franchise by unveiling plans for a 20,000-seat stadium and private development district in downtown Raleigh.

 

North Carolina FC has said that the district will boost tourism through additional visitors to Raleigh and Wake County, while also creating jobs and revitalising an underused area of downtown.

 

The district will be known as Downtown South and sit on approximately 55 acres of land at downtown Raleigh’s southern edge. As well as the 20,000-seat, open-air stadium, the plans feature more than US$1.9bn in private development through street-level retail, office space and housing.

 

The stadium, which is expected to cost US$180m (160m euros), designed by Gensler, will also host North Carolina’s women’s professional soccer team, North Carolina Courage. In addition, it will stage marquee events such as concerts, festivals, graduations, trade shows and championship-level sporting events.

 

KRC Chief Executive, John Kane, said:

This project holds tremendous promise for the City of Raleigh. It’s unlike anything I’ve worked on in my career. To be part of something that would enhance the lifestyle and overall appeal of our city while strengthening the local economy in such a meaningful way is powerful. I’m hopeful that Raleigh City Council and Board of County Commissioners will enable this transformational project to become a reality.

 

The district will be privately funded but the group has asked Wake County for US$13m per year in Interlocal Funds to be awarded for debt service and maintenance of the stadium.

 

Construction work is slated to begin in early 2020, with the Club having targeted 2023 for the completion of the first phase of the development, including the stadium.

 

MLS revised its expansion plans earlier this year, amending its previous goal of 28 teams to 30. Sacramento and St Louis are expected to claim the next two expansion slots for an increased fee of US$200m, adding to franchises in Miami, Nashville and Austin, all of which are joining the league in the coming years.

 

As a result, North Carolina FC will likely be competing for the final expansion slot with the likes of Las Vegas, which recently announced a new stadium proposal. MLS is yet to decide the expansion fee and timetable for the 30th team.

 

#919toMLS

 

Video, courtesy: North Carolina FC

 

ALSD International – Europe’s one and only event dedicated to the Premium Seat & Hospitality sector – is being held at Croke Park Stadium this October, where experts from across Europe and North America will be providing insights on how to increase revenues through new builds, renovations and service expansions, as well as via the latest F&B and technology offerings. 

 

 

#ALSDInternational – Europe’s leading event dedicated to the Premium/VIP Seat & Hospitality sector

 

#sportsvenuebiz

 

#sportsvenuebusiness – the world’s leading platform for sector news views & developments

Mark McCafferty named as new Warwickshire CCC Chairman
December 13, 2019
Featured Video Play Icon
Revolution unveil US$35m Revolution Training Center
December 11, 2019
Rangers select fully drivable cover system from Terraplas for Globe Life Field
December 11, 2019
JOB OF THE WEEK: Assistant Technical Director, The FA
December 10, 2019

Facebook

Twitter

LinkedIn