A professional soccer team in Chattanooga announced plans to build a new stadium and a mixed-use development they say could bring over 1,000 new jobs to the area.
Chattanooga Red Wolves SC owner Bob Martino announced Thursday the team would invest $125 million for a soccer-specific stadium, housing, retail space and a network of walking trails to be built in East Ridge, a suburban town southeast of Chattanooga.
“Today, I am laying out a vision for a community-focused soccer and entertainment destination for our region,” said Martino. “The Chattanooga Red Wolves Soccer Club was founded with the ultimate goal of strengthening our community through soccer, and this investment doubles down on my commitment to the region, our players and the soccer community.”
The plan includes 475,000 square feet of commercial space with the stadium, a network of walking and nature trails, 400 apartment and condominium units and 375 hotel rooms.
Team officials said the 100-acre complex is expected to generate between $6 and $7 million in tax revenue each year and will bring 1,200 new jobs to the area.
“Families and our fans will have the unique opportunity to enjoy a whole day of fun around a match or a weekend-long celebration of soccer,” said Sean McDaniel, Chattanooga Red Wolves president and general manager.
The facility will also be available to host concerts and other events.
Chattanooga Red Wolves SC are an original member of USL League One, a North American professional soccer league which was founded in 2017. The league is considered the third division of American soccer.