The club said Tuesday evening that it would make an announcement at 9 a.m. Wednesday “regarding the future of Louisville City FC.”
The club had no further comment, but the source familiar with the matter, though not authorized to speak publicly, said the stadium would be built in Butchertown.
LouCity FC leaders have identified building their own stadium as the top priority to assure the club’s long-term viability. The third-year United Soccer League team plays its home games at Slugger Field, home of the Louisville Bats.
While LouCity has achieved success on and off the field in its first two years, reaching the conference finals and ranking among the top two or three teams in attendance, the club has lost money.
Club leaders have told Insider that generating a profit may be difficult without a stadium — though revenue streams continue to improve.
With two victories and one draw, LouCity currently ranks second in the Eastern Conference.