A plan to build an 8,000-seat outdoor stadium in downtown for the Colorado Springs Switchbacks soccer team has taken another major step forward.
The Colorado Springs Urban Renewal Authority agreed to issue $14 million in bonds to finance half of the stadium’s approximate $28 million cost.
The Switchbacks and partner Weidner Apartment Homes of suburban Seattle will fund the rest of the project.
The stadium, along with an indoor arena planned for the Colorado College campus, make up a sports and event center component of the 6-year-old City for Champions Initiative.
