Facilities

K.C. NWSL owners: Flexibility, control key benefits of privately funded stadium

K.C. NWSL co-Owners Chris and Angie Long, along with Brittany Matthews, are betting $85M on their "vision for the future of the sport," formally unveiling plans for a $70M, 11,000-seat stadium, along with previously announced plans for a $15M training facility, according to James Dornbrook of the K.C. BUSINESS JOURNAL. K.C. NWSL "plans to privately finance the entire facility, using equity from the ownership group along with debt financing to cover the cost." Owning its stadium "gives the team all of the revenue for on-site parking, concessions, team store sales and everything else." It also provides "total control of all the biggest stadium partnerships, such as section and gate sponsorship, and advertising for the boards, field, concourse, suites and everything else." The Longs "wanted control to build a stadium that’s the right size." K.C. NWSL plans a "horseshoe-shaped" design that "gives it flexibility to expand, adding seats on the ends and in the corners, which could double its 11,000-seat capacity." Angie Long: “We strongly believe that if you have a stadium that is the right size, it will be sold out and provide a completely different experience." Dornbrook notes the stadium designs "include only 2,000 on-site parking spaces," but the Port Authority of K.C. "already is working on plans for additional development nearby, which would include multiuse parking" (BIZJOURNALS.com, 10/26).

READY TO REVITALIZE: In K.C., Shaun Goodwin writes by providing their own financing for the new stadium, the Longs "believe it will help revitalize the riverfront area as opposed to creating a burden for the city." The team signed a 50-year lease for Parcel 8 in the Berkley Riverfront area, "a 7.08-acre chunk of land that sits north of Berkley Parkway and west of Interstate 29 on the south side of the river." K.C. NWSL "leased the land from Port KC, a Missouri port authority in charge of transportation, logistics and revitalization" of the riverfront area. Angie Long said that she "sees room for expansion in the stadium, as well as the ability to hold future events, such as concerts and other sporting events -- soccer and otherwise." Chris Long: “We really view this as a community asset" (K.C. STAR, 10/27).

K.C. NWSL plans a horseshoe-shaped design that gives it flexibility to expand, adding seats on the ends and in the corners, which could double its 11,000-seat capacityGENERATOR STUDIO

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