(Louisville Business First) - Work is soon expected to start progressing on the demolition of buildings on the Butchertown soccer stadium site after the city closed on the four parcels last week.

Tim Mulloy, a Louisville businessman and one of the team owners of Louisville City Football Club, said Tuesday that he anticipates demolition could begin at the former Challenger Lifts complex at 200 Cabel St. within the next 30 days even as geotechnical and soil work is expected to ramp up on the site.

Louisville Metro Government recently acquired the sites for a little more than $24 million, and the land also include Marshall's Auto Parts Inc., Extra Space Storage and the old tank farm that was previously owned by Ace Salvage Co. along Adams and Campbell streets near the Big Four Bridge.

Mulloy said active businesses there have been given 150 days to vacate the site, and he said they will spend the next few months liquidating their assets, such as the vehicles on the Marshall's lot, to make way for the stadium.

Since it was first proposed, Mulloy said, the 10,000-seat stadium has moved farther East and will now occupy parts of the Marshall's, Extra Space Storage and Challenger Lifts properties. The stadium is expected to cost between $45 million and $50 million.

Mulloy said Tuesday that owners want to start earthwork by late April or early May 2018 to set up the start of stadium construction by late summer. The team is eyeing a February 2020 completion.

Click here to read the rest of this article on Louisville Business First.