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Real Salt Lake owner Dell Loy Hansen presented his vision for a new minor league soccer stadium at the Utah State Fairpark to its board on Wednesday.

Hansen laid out plans for an 8,000-seat stadium that would house RSL's affiliate in the United Soccer League's Pro division, as well as additional uses for the facility, including access for semi-pro soccer teams and recreational clubs. The RSL owner said he would pay for all of it.

"We want to move as fast as you want if this is the direction you want to go," Hansen told the 14-member board.

The board took the proposal under advisement.

"There's not a specific target date, because there's too many elements still that need to be researched and reviewed," chairman Roger Beattie said. "I hope that if everything went well and everything is as we hope it will be that we could conclude all negotiations by the end of the year so that they can get in the ground and get that stadium built for 2016."

RSL needs the board's unanimous approval to proceed with the project.

In a lengthy, detailed presentation, Hansen said the stadium would cost in the $17-18 million range. He told the board he is seeking a 50-year ground lease with two 10-year options. The yearly lease costs were estimated at $10,000 annually.

"We basically build a stadium and give it to the ground," Hansen said. "We'll build it, and essentially, it's your stadium."

Hansen said the USL Pro team, to be named the Real Monarchs, would give the Fairpark full usage of the stadium during the state fair.

The Monarchs are expected to join the USL Pro ranks in 2015 with a March through November schedule. They will play their 2015 home matches at Rio Tinto Stadium, moving into the new stadium the following year.

The team would play around 14 matches per year at the stadium, with an average ticket price of just over $12. However, before the board can approve the stadium, Beattie said it must renegotiate a new lease for the use of the Fairpark's 65-acre site. The current lease will expire within the next two years.

"We would hope —¬†and we anticipate — that [the stadium] would be a great asset." —

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