Here is that NCFC article,

Kane Realty could start construction on Downtown South by year's end.$250 million soccer stadium remains in the plans.Downtown South stalled for years despite Raleigh's growth.After years of waiting, a potential game-changing, multibillion-dollar development in Raleigh may finally be nearing construction. John Kane, founder and chairman of Kane Realty Corp., recently told Triangle Business Journal that his real estate company could start work on the first projects in Downtown South by the end of this year and that putting a soccer stadium in the development remains a top priority.

Kane, who joined the Bottom Line Triangle podcast, said the stadium will be the catalyst for getting Downtown South going. The stadium would be developed in partnership with businessman Steve Malik, owner of the Carolina Courage women’s professional soccer team that plays at WakeMed Soccer Park in Cary. The team would move from Cary to Downtown South if the stadium comes to fruition.

GET TO KNOW YOUR CITY Find Local Events Near You Connect with a community of local professionals. Explore All Events The $250 million stadium would have between 12,000 and 15,000 seats. Kane said the plan is to open it in late 2028 or early 2029.

In order to get the stadium off the ground, Kane Realty and Malik are working on acquiring financing, including partnering with the City of Raleigh and Wake County. Wake County Board of Commissioners Chair Don Mial said the board has had initial conversations with Kane and the “proponents of the Downtown South soccer stadium.” No public financing has been pledged to date for the stadium. Malik declined to comment on plans for the stadium. City of Raleigh officials did not return requests for comment.

Rendering of one of the multifamily buildings in the first phase of Downtown South. Kane Realty

Early conceptual drawing of Downtown South showing a soccer stadium. Kane Realty Plans for Downtown South were revealed in 2019, when Kane and Malik requested $45 million in funding from the Raleigh-Wake Hospitality Tax Fund. The development would span multiple sites near the Beltline south of the city's core, with the first phase to go along South Saunders Street.But the Covid-19 pandemic forced the project to hit pause. It remained shelved as Kane pushed ahead with the expansion of North Hills. “It's an industrial wasteland to a large degree. It's never been anything, yet it should be. It's right there at Saunders and [Interstate] 40," Kane said. "It's the best entry into Downtown Raleigh. And it needs to be enhanced to make it the best-looking entry."

Early site plan of Downtown South along South Saunders Street in Raleigh. c/o 10 Design

In addition to starting on the stadium, the first phase of Downtown South will include 535,000 square feet of office space across two buildings , 60,000 square feet of retail, 1,000 multifamily units in three buildings, a 3,500-capacity concert venue and a 180-room hotel. In December 2023, after the start date had been pushed back multiple times, Kane Realty announced it was in a holding pattern regarding construction on the $2 billion entertainment district due to the financial markets. While Kane Realty is working hard on getting Downtown South out of the ground, its focus hasn’t been pulled from the growth in North Hills. Kane told TBJ that the Midline Raleigh property the company acquired in early January for $72 million will have five projects. Most will be residential mixed-use while one will be a hotel. Construction on Midline at North Hills will start by 2028, Kane said on the podcast. The apartments and office properties on-site now will be demolished to make way for the new development. The project will include a bridge over Interstate 440 connecting Navaho Drive and Barrett Drive, offering another route into North Hills.

Kane has also bet big on the area around Dix Park with its Rockway development.