Kansas City announced Tuesday morning that they have finalized plans to build a new soccer stadium solely for their National Women’s Soccer League (NWSL) team.

“From the beginning, our vision has been to create a player-first experience, and facilities for our team that match not only the elite level of these incredible athletes, but also the passionate support of the Kansas City metro and our fans,” said KC NWSL Co-Founder and Co-Owner Chris Long in a release. “We believe this significant investment and commitment will shape a stronger future for our entire region and our athletes.”

The project is estimated to cost $70 million and will be entirely privately financed through the ownership group that consists of Long, Angie Long and Brittany Matthews. Additionally, the team has signed a 50-year lease for Parcel 8 — the seven-acre site of the new stadium on the east end of the Berkley Riverfront in Kansas City.

The stadium is expected to have at least 11,000 seats with room for future expansion. The team hopes to open in the stadium in 2024.

“As a sports fan and a father, I am so proud that Kansas City will make history in having a world-class facility dedicated to women in sport and that the project will be a centerpiece of our beautiful riverfront redevelopment,” said Kansas City, Missouri Mayor Quinton Lucas.

Previously, Kansas City had announced plans for a $15 million training facility set to be completed in 2022.

“World-class facilities have proven to be a catalyst in transforming all professional sports,” said KC NWSL Co-Founder and Co-Owner Angie Long. “Tremendous momentum exists in women’s sports specifically, and we are so proud to play a major role in ensuring the sport and also our region benefit from the economics and growth offered by a stadium of this magnitude.”