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The city will sell the site to the Valley Legends Stadium Consortium, which is part of Valley Christian Schools.
The group has proposed to spend $9 million to construct a 3,000-seat stadium with a turf football field and track.
The entire project will cost about $2.8 million with at least half paid by state and federal grants.
The West Avenue Bridge was awarded a $606,375 state grant in June 2023.
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