New $230M Crew SC stadium would be centerpiece of Confluence Village development

A proposal to keep the Columbus Crew SC in Columbus would not only build a $230-million stadium downtown, but also create a new “Confluence Village” west of Huntington Park and the Arena District, The Columbus Dispatch reports. The neighborhood would include the multilevel, 20,000-seat stadium with “30 suites and loge boxes and 1,900 ‘club seats,’” as well as residential buildings and 270,000 square feet of commercial and office space, “enough to accommodate 1,300 employees,” according to the article. Dr. Peter H. Edwards Jr. and family and Cleveland Browns owners Dee and Jimmy Haslam propose to buy the Crew for $150 million, and invest a total of $645 million to build the new stadium and Confluence Village, and to remodel Mapfre Stadium as a practice facility. Franklin County and the City of Columbus “are pledging $50 million each over 30 years” for site development and infrastructure. For more, read the full article

Economic Development, Project Finance, State Updates