City of Port St. Lucie

PORT ST. LUCIE, Fla. — A major transformation is coming to a currently undeveloped property along U.S. 1 in Port St. Lucie. The site has been chosen as the future home of a new United Soccer League (USL) team and city leaders say it's more than just a sports venue, but also a catalyst for economic growth.

The city has agreed to contribute up to $27.5 million in tax increment revenue toward the construction of a new soccer stadium. These funds will not come from the city’s general budget, but from increases in property tax revenue, known as TIF (tax increment financing), generated over time and used to reinvest in the area.

WATCH WPTV'S COVERAGE BELOW: How will a new soccer stadium impact the Port St. Lucie economy

"This is absolutely insane for not only my busi

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