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  1. #1

    Default Parking deck pitched for new Detroit City FC soccer stadium

    Parking deck pitched for new Detroit City FC soccer stadium



    The new stadium would serve as home turf for both the men’s and women’s teams which currently play at Keyworth Stadium in Hamtramck, which can host approximately 7,000 fans. The new stadium is expected to have at least double that capacity. The project is expected to meet the $75 million threshold for going through the city's Community Benefits Ordinance process and seek taxpayer incentives, sources have previously said. The site plan from August includes a 685-space parking deck fronting Michigan Avenue at 20th Street on the north end of the vacant hospital property, and a 680-space surface parking lot on Standish Street, totaling 1,365 spaces. Another 1,775 parking spaces are envisioned to be shared with other property owners, including Ford Motor Co.’s Michigan Central nearby.
    In May, the team — which has lost millions in recent years — said it intends to build a new stadium around Michigan Avenue and 20th Street, razing the dilapidated former hospital property. It has been purchasing property around that intersection for close to a year, spending no less than $15 million on land and buildings totaling more than 16 acres.
    Detroit-based Method Development is working on a mixed-use development vision that could include housing and retail for the broader DCFC-controlled properties.

    A source familiar with the matter, speaking on the condition of anonymity on Thursday, said the broad vision for the team's proposed complex also includes 150 to 250 residential units and up to 15,000 square feet of commercial/retail space.
    https://www.crainsdetroit.com/real-e...soccer-stadium

  2. #2

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    So, did they upcharge the construction costs to qualify for tax incentives?

  3. #3

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    Parking is going to be necessary at a stadium of this size and the site constraints. I'm not a fan of the parking deck facing Michigan Ave.

    I hope that whatever has changed means the location and design have changed of the parking deck.

  4. #4

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    been looking at that dismal sight for 40 years and can't wait for there to be signs of life, even if it does include a parking deck - not everyone bikes around.

  5. #5

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    Quote Originally Posted by preserve View Post
    been looking at that dismal sight for 40 years and can't wait for there to be signs of life, even if it does include a parking deck - not everyone bikes around.
    I would love to have a better understanding of how this group plans to finance a new stadium. Revenues, which I assume come exclusively from ticket sales, would be minimal considering ticket prices and quantity available. Looking at the few guys who own this I don't see any really deep pockets and don't see why any bank would finance a venture this risky with today's rates and business climate. Anyone have more information on how this is going to work and break ground soon?

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