Posted by Davd Oliver on 6/13/2017 to
Sports Business
IncSmart Ohio (Small Business and Startups) - Major League Soccer may be expanding Cincinnati. The new stadium was unveiled for the club's home. They hope to break ground on the stadium by early spring 2018. Cincinnati has a great tradition of soccer from youth to our collegiate programs. The Queen City's newest professional sports team could start playing by 2020.
MLS is expected to award two of the four expansion slots by the end of this year. Cincinnati is getting ready. They are looking at three sites for potentially building a new soccer stadium. The expansion takes money. The effort to land an MLS franchise for Cincinnati starts with $250 million in private investment and would not include a new tax increase. Hamilton County has lost near 13% of its peak 1970 population over the past 40 years. Since 2005 the unemployment rate in Cincinnati, Ohio has ranged from 4.4% in December 2014 to 11.3% in January 2010. The current unemployment rate for Cincinnati is 4.5 % in August 2015. However the FC Cincinnati won its 2017 home opener in front of a record crowd at Nippert Stadium, which took the United Soccer League record as the highest attended home opener.
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