(Credit: PSV)
Precourt Sports Ventures, LLC (PSV), the investor-operator of Major League Soccer’s most recently announced franchise, Austin FC, has selected its construction manager and design partners for the planned 100{6d294a0824f6f808f1cc9dcde10d35acd237638cfa4e8dd876851c8906eac7a1}-privately financed 20,500-seat soccer park and stadium, which is set to break ground in mid-September at McKalla Place. Austin Commercial has been named as the construction manager; Gensler is the lead architect; and CAA ICON is the project manager and representative for PSV.
“Austin FC is pleased to name the construction and design team that will bring to reality our dream of building a world-class sports and entertainment facility for Austin,” Anthony Precourt, Chairman and CEO of PSV and Austin FC, said. “This exceptionally talented team will construct a stadium that our club and city will be proud of, and it will open in time for the 2021 Major League Soccer season. I am excited that this will create local jobs and facilities, for all of Austin to enjoy together.”
“Austin Commercial has been privileged to take part in a number of one-of-a-kind projects that have helped make Austin such a great city in which to live, work and play,” Brad Brown, president of Austin Commercial, said. “Because Austin is home to so many of our employee-owners, many of whom we expect will be among Austin FC’s biggest fans, we are excited about the benefits this new world-class stadium will bring. This project will create a significant number of local jobs for the community, and we are committed to utilizing local, small, minority, and women-owned businesses throughout all phases of the project.”
According to PSV, the “state-of-the-art” natural grass, open-air stadium is designed as an entertainment and multi-purpose cultural and civic event venue that will offer first-class performance and entertainment areas and related facilities. The landscape design plan for the grounds outside the stadium at McKalla Place will offer public access and amenities.
PSV has committed to privately funding the stadium, which is now estimated to cost $240 million, and also to building a training facility, bringing PSV’s total investment in Austin, including the value of the team, to over $475 million. In addition, PSV will fulfill numerous community benefit pledges designed to address the issues of affordable housing, equity, youth health and wellness. PSV will also build and refurbish soccer fields and increase access to soccer programs, particularly for underserved communities.
