A private consortium led by VSGS Sports Performance Hub has proposed redeveloping Homestead Regional Park — formerly the Homestead Sports Complex — into a privately funded regional sports campus that city officials said will cost about $275 million and require no direct capital from the city.

City officials described the plan at the Nov. 19 meeting, saying the project would replace the park’s existing fields with a 10,000‑seat multiuse stadium, a 100‑room hotel, six professional soccer fields, multiple multipurpose and half‑size fields, dormitories, classrooms and indoor training facilities. The city said the development would also add expanded parking, new access roads and upgrades to electric, water and sewer infrastructure.

"This is not just a sports complex. It's a $275,000,000 privately funded regional park," the presenter said, naming investor-athletes and public faces associated with the proposal, including Juan Sebastián Verón, Manu Ginóbili, Dario Sala (identified in the presentation as VSGS CEO) and Juan Mónaco. The presentation described revenue sharing for ticket receipts and hotel room taxes, an 80‑year ground lease that will pay rent to the city and dedicated city event days.

City staff said the negotiation team prioritized "public access, a home for the rodeo, and financial fairness for the city," and assured the council that no city capital would be required for the investment. Officials told the council the project is expected to generate more than 4,300 temporary construction jobs and more than 600 permanent positions when complete.

Council materials and the presenter emphasized infrastructure upgrades as part of the agreement, including electric, water and sewer improvements, additional road access and parking expansions intended to support anticipated event traffic. The city acknowledged likely short‑term impacts during construction, such as traffic and dust, and said construction would unfold in phases starting in 2026.

City officials characterized the proposal as a public‑private partnership that would provide long‑term revenue and amenities to the community while protecting existing traditions: "At its core, it's a premier youth sports academy... designed to serve generations to come," the presenter said, adding that the Homestead Championship Rodeo would remain in the park.

What happens next: city staff said negotiations are complete and that the council voted unanimously on the item; the presentation directed residents to homesteadregionalpark.com for updates and said construction would begin in 2026. The transcript did not include full contract text, ground-lease terms, or final permitting details; those specifics and any required county or state approvals were not included in the record provided.

Ending: The proposal was presented as a privately financed project promising jobs, visitor revenue and upgraded amenities; city officials said they negotiated protections for public access and long-term revenue for the city. Key contract documents, permitting timelines and community-impact studies were not part of the presentation and would be necessary for independent review before construction begins.