AUSTIN (KXAN) — As Austin considers building a Major League Soccer stadium in north Austin, it’s also considering other options for the 24 acres of land.
One of those options from Cappella Capital Partners would use the space at McKalla Place for housing, build an MLS stadium near Circuit of the Americas and also build eight youth soccer fields on city-owned property. The proposal suggested COTA had already agreed to donate acreage for the stadium and provide about 20,000 parking spaces nearby.
CCP wants to either buy the city-owned McKalla Place for $22.1 million or lease it for 80 years and pay $750,000 a year. It would build 1,200 multi-family units (300 of which would be affordable housing), develop mixed-use retail space, add office space, construct a hotel and add a transit station.
Precourt Sports Ventures specifically wanted a stadium in Austin’s urban core before it agreed to bring the Columbus Crew there to play, so it’s not known how this option from CCP would affect its move.
CCP also released an “Option B” for McKalla Place, which would build a stadium there and co-develop the site with Precourt. It would pay $11 million for the space or $400,000 each year for 80 years. The area would also have housing, mixed-use retail and office space, a hotel and a transit station.
At the end of June, the Austin city council voted on a proposal to begin talks with Precourt Sports Ventures about the stadium and bringing an MLS team to Austin. It also voted to consider alternate options for the area. The city may make a decision about which route to pursue at its Aug. 9 meeting.