New Chattanooga Lookouts stadium proposed in South Broad District

Public/private money would pay for facility, spur over $1 billion in development, officials say

Contributed rendering by city of Chattanooga / A rendering of a potential multi-use stadium is shown at the site of the former U.S. Pipe/Wheland Foundry in Chattanooga's South Broad District, incorporating some of the existing buildings.

Chattanooga and Hamilton County leaders have a new plan for a Lookouts baseball stadium that they think will power a vast revamp of old foundry land and serve as a signature gateway into the city.

If the plan receives all the approvals, the new stadium could be ready for the Chattanooga Lookouts' opening day in spring 2025, officials said.

The proposal by the city and county mayors unveiled Thursday calls for using public and private money for the multiuse stadium, financed by the sale of 30-year bonds for $79.4 million. Including the value of 8 to 9 acres of donated land, the project is estimated by officials at $89 million to $94 million.

The stadium, with a capacity for more than 8,000 people for minor league baseball, would sit in the 120-acre U.S.