Newport KY is one of three locations being considered for FC Cincinnati's new futbol stadium
May 26, 2017
FC Cincinnati considering stadium in Newport
Futbol Club Cincinnati is taking a serious look at three sites for potentially building a new soccer-only stadium.
The upstart franchise, hoping to make the jump to Major League Soccer in the next few years, is looking to build a $200 million stadium possibly on one of these sites, says Gannett Media.
Newport: The site long planned for the Ovation mixed-use development near the confluence of the Ohio and Licking rivers, land that offers a clear view of the Downtown Cincinnati skyline.
West End: Taft high school's football stadium – and some land around it – near Central Parkway, just west of Music Hall and Washington Park.
Oakley: Land around Oakley Station off Interstate 71 and Ridge Road, including the former Cincinnati Milacron plant site.
Club officials have been shopping their stadium financing and location ideas to regional political and business leaders, notes Gannett Media. Team officials hope to drum up enough support to use public money to help pay for a new stadium, but sources said the club does not intend to push for a new tax increase.
FC Cincinnati's owners and financial backers plan to invest around $100 million into a new stadium, and pay another $150 million to cover the MLS entry fee. It's almost unheard of for a sports franchise owner – or ownership group – to pony up anywhere near half the cost to build a new stadium or arena.
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