LouCity continues play in the United Soccer League and U.S. Open Cup, there hopefully planning and moving up to MLS in a few years.
I really don't understand why they need a separate stadium. Presently they are sharing a stadium with the Louisville Bats baseball team in a stadium that was modified to work for them and it seems to work quite well. UofL has 1 of the best college soccer stadiums in the US. It really seems like LouCity can easily share 1 of the stadiums instead of spending $60 million for a new 1 of their own. The argument has been made that the league is pushing for all teams to have stadiums of their own but there are many teams even in MLS that share stadiums. A good example is a new Mercedes-Benz stadium in Atlanta which is shared between the Falcons and Atlanta City FC.
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