A first-class soccer stadium, new housing, retail space, restaurants, hotel, and more than a thousand new jobs are coming to East Ridge and Chattanooga, according to the Chattanooga Red Wolves SC.
On Thursday, Red Wolves team owner Bob Martino announced the team is investing $125 million into East Ridge and Chattanooga for the project.
“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."
"People will be able to live, dine and play here, and experiencing professional soccer in a unique setting is at the heart of this development,” said Martino.
Martino showed off renderings for the soccer-specific stadium, as well as the surrounding development area.
Martino's plan includes 400 apartment and condominium units, 375 hotel rooms, 475,000 square feet of commercial space including the stadium and a network of walking and nature trails.
He says that over the next three to five years, the stadium and surrounding development will create 1,200 new jobs not including construction and other businesses.
"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 100-acre property, which is within the city limits of East Ridge and Chattanooga, is expected to generate between $6 and $7 million in tax revenue each year.
A trail running under Interstate 75 will connect this area with the team’s training center, which is being built at Camp Jordan.
“Today’s announcement is very exciting. I have been waiting for over 25 years to see this land developed. This will be a destination location that hundreds of thousands travelers along I-75 will visit,” said Commissioner Tim Boyd in a statement provided to the team.
The Dalton Red Wolves and Lady Red Wolves will use the new stadium for some matches, and the facility will be available to host concerts and other events.
Construction will start within the coming months.
You can learn more about the project on the Chattanooga Red Wolves SC website here.
Depend on us to update you as we learn more.