[CPEO-BIF] Butchertown stadium, Louisville, Kentucky

[Lenny Siegel <lsiegel@cpeo.org>]

Louisville Metro Government receives $30M in bonds for stadium in Butchertown


The Lane Report
November 30, 2017

LOUISVILLE, Ky.  – A milestone was reached today in the development of a soccer stadium district on about 35 underutilized acres in Butchertown. Financing was secured at a highly competitive rate for Louisville Metro Government’s sole investment in the project, $30 million. The general obligation bond anticipation notes (BANs) were sold to J.P. Morgan Securities LLC with a winning interest bid of 1.96 percent.

The city’s portion of the nearly $200 million soccer stadium district plan includes $25 million to buy and prepare the land, and $5 million to fund brownfield remediation and public infrastructure. Louisville City FC (LCFC) will develop the project, which will be anchored by a $50 million, 10,000-seat stadium. The development will also include retail, a hotel and offices, built by private investment.

…

For the entire article, see
https://www.lanereport.com/84199/2017/11/louisville-metro-government-receives-30m-in-bonds-for-stadium-in-butchertown/

--

Lenny Siegel
Executive Director
Center for Public Environmental Oversight
a project of the Pacific Studies Center
P.O. Box 998, Mountain View, CA 94042
Voice/Fax: 650/961-8918 
<lsiegel@cpeo.org>
http://www.cpeo.org

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