High Point leaders secure funding for downtown stadium, work expected to start soon — Fox 8
HIGH POINT, N.C. -- For more than a year, much of the discussion in High Point has been centered around where and how to build a multi-use stadium.
Land was cleared late last week to make room for it. Now the money needed to build it is secured.
Tuesday, city leaders were granted financing to help pay for the stadium.
They were asking the North Carolina Local Government Commission for permission to borrow millions of dollars to pay for it.
High Point leaders plan to pay back the money through property tax revenue and with other funds.
“Immediately what you are going to see are the final design for the stadium itself, the groundbreaking and the construction, so that the Atlantic League can play here in spring of 2019. So, we really have to move and move fast,” said Dr. Nido Qubein, High Point University president.